Dolphin sells stake in unit


PETALING JAYA: Dolphin International Bhd has entered into an agreement with Asia Poly Green Energy Sdn Bhd to dispose of its 80% equity in its subsidiary Dolphin Biogas Sdn Bhd for RM2.1mil.

In a filing with Bursa Malaysia, the company said the proposed disposal would allow the group to unlock its non-core assets to alleviate its cash flow constraints and provide working capital for the group.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Dolphin International Bhd

   

Next In Business News

Ringgit rebounds to end higher against US dollar
Khazanah develops young Malaysians to drive IR4.0, digital economy
Vincent Tan seeks new partner in high-speed rail bid
FBM KLCI edges up, bucks regional trend
Tesla launches redesigned Model Y in Asia, seeking to fend off rivals
Oil set for third straight weekly gain on winter fuel demand
Most Asian stocks decline ahead of US jobs data; currencies steady
China central bank is moving faster towards its policy limits
Tenaga Nasional challenges RM291.55mil tax assessment
Steelmaker goes all out to protect environment

Others Also Read