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DOLPHIN

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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)

1. INTRODUCTION

 

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 XX December 2018, entered into a Sale and Purchase Agreement (“SPA”) with STI Fasteners Sdn. Bhd. (“STI” or “Purchaser”) to dispose of one (1) parcel of land held under Individual Title H.S.(M) 30484, Lot PT5988 in Pekan Kinrara, Daerah Petaling, Negeri Selangor measuring approximately 996 square metres in area together with a 1 1/2 Storey Semi-Detached Factory (Corner Unit) erected thereon and bearing postal address No. 16, Jalan Serindit 2, Bandar Puchong Jaya, 47100 Puchong, Selangor Darul Ehsan (“the Property”) for a total consideration of RM4,680,000.00 only (“Sales Consideration”), subject to the terms and conditions as stipulated in the SPA (the “Proposed Disposal”).

 

Further details of the announcement are set out in the attachment below.

 

This announcement is dated 31 December 2018.




Please refer attachment below.



Announcement Info

Company Name DOLPHIN INTERNATIONAL BERHAD
Stock Name DOLPHIN
Date Announced 31 Dec 2018
Category General Announcement for PLC
Reference Number GA1-20122018-00062