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DOLPHIN

0.120

-0.005 (-4%)

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)

Further to the Company’s announcement on the above on 31 December 2018, the Board of Directors of DIB wishes to clarify on the followings :-

 

1. The Directors and major shareholders of STI Fasteners Sdn Bhd. together with their respective Shareholdings are as follows:-

 

No.

Directors

Shareholders

Shareholdings

1.

Ku Chee Wai

Ku Chee Wai

104,000

2.

Chong Choon Yam

Chong Choon Yam

80,000

3.

Yap Keng Siong

Yap Keng Siong

96,000

4.

-

Phang Kok Woei

120,000

Total Issued Shares

400,000

 

2. The lease of the Property will expire on 1 June 2109.

 

3. The Purchase Price for the Proposed Disposal was arrived at based on the highest offer price offered amongst the interested buyers. The price offered for this property is in the range of RM4.3million and RM4.68million due to the property market is slowing down and it is also lease period.

 

4. The Company had on 31 December 2018 disposed of another property for a consideration of RM4,680,000.00 only, where aggregating the highest percentage ratio is 36.90% which has exceeded 25%. Pursuant to Paragraph 10.07 of the Listing Requirement, shareholders’ approval is required to be obtained.

 

This announcement is dated 10 January 2019.

 

 






Announcement Info

Company Name DOLPHIN INTERNATIONAL BERHAD
Stock Name DOLPHIN
Date Announced 10 Jan 2019
Category General Announcement for PLC
Reference Number GA1-10012019-00048