TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DOLPHIN INTERNATIONAL BERHAD ("DIB" OR "THE COMPANY") DISPOSAL OF PROPERTY BY DOLPHIN APPLICATIONS SDN. BHD. (DASB), A WHOLLY-OWNED SUBSIDIARY OF DOLPHIN INTERNATIONAL BERHAD (DIB OR THE COMPANY) TO STI FASTENERS SDN. BHD. (STI) (PROPOSED DISPOSAL)
DOLPHIN INTERNATIONAL BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | DOLPHIN INTERNATIONAL BERHAD ("DIB" OR "THE COMPANY") DISPOSAL OF PROPERTY BY DOLPHIN APPLICATIONS SDN. BHD. (DASB), A WHOLLY-OWNED SUBSIDIARY OF DOLPHIN INTERNATIONAL BERHAD (DIB OR THE COMPANY) TO STI FASTENERS SDN. BHD. (STI) (PROPOSED DISPOSAL) |
We refer to the announcements made to Bursa Securities on 31 December 2018, 10 January 2019, 30 August 2019, 7 November 2019 and 28 November 2019 in relation to the above Proposed Disposal.
The Board of Directors of DIB wishes to announce that Dolphin Applications Sdn. Bhd. (“DASB” or “Vendor”), a wholly-owned subsidiary of DIB had on 5 December 2019 received an acceptance letter from STI Fasteners Sdn. Bhd. (“STI” or “Purchaser”) in relation to the extension of time up to 6 January 2020 to comply with all the Conditions Precedents (“CPs”) pursuant to Clause 3 of the Sale and Purchase Agreement (“SPA”) dated 31 December 2018.
The Company will make further announcement if there is any material development in the matter.
This announcement is dated 5 December 2019. |
Announcement Info
Company Name | DOLPHIN INTERNATIONAL BERHAD |
Stock Name | DOLPHIN |
Date Announced | 05 Dec 2019 |
Category | General Announcement for PLC |
Reference Number | GA1-05122019-00028 |