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DOLPHIN

0.130

+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 ENGINEERING (M) SDN. BHD. (DESB), A WHOLLY-OWNED SUBSIDIARY OF DOLPHIN INTERNATIONAL BERHAD (DIB OR THE COMPANY) TO HYDRA-LINE HYDRAULICS SDN. BHD (HHSB) (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 ENGINEERING (M) SDN. BHD. (DESB), A WHOLLY-OWNED SUBSIDIARY OF DOLPHIN INTERNATIONAL BERHAD (DIB OR THE COMPANY) TO HYDRA-LINE HYDRAULICS SDN. BHD (HHSB) (PROPOSED DISPOSAL)

INTRODUCTION

 

The Board of Directors of DIB wishes to announce that Dolphin Engineering (M) Sdn. Bhd. (“DESB” or “Vendor”), a wholly-owned subsidiary of DIB, had on 6 August 2019, entered into a Sale and Purchase Agreement (“SPA”) with Hydraline Hydraulics Sdn. Bhd. (“HHSB” or “Purchaser”) to dispose two (2) pieces of freehold land held under individual document of title H.S.(D) 312690 PT 72939 & H.S.(D) 312691 PT72940 Mukim Petaling, Daerah Petaling, Negeri Selangor measuring 306 square metres in area together with 2 units of three storey shop-office erected thereon and bearing postal address No. 17 & 19, Jalan Puteri 5/20, Bandar Puteri, 47100 Puchong, Selangor Darul Ehsan (“the Property”) for a total consideration of RM3,500,000.00 only (“Sales Consideration”).

 

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

 

This announcement is dated 6 August 2019.

 




Please refer attachment below.



Announcement Info

Company Name DOLPHIN INTERNATIONAL BERHAD
Stock Name DOLPHIN
Date Announced 06 Aug 2019
Category General Announcement for PLC
Reference Number GA1-06082019-00049