EU: German to invest EUR12.4bn more to support economy amid COVID19 Impact. Germany's government announced measures including additional investment over next four years to boost the economy as the coronavirus outbreak hurt activity. The grand coalition of Chancellor Angela Merkel decided to increase investments by EUR3.1bn in each of the year from 2021 to 2024. This aid totaling EUR12.4bn will be invested in future-oriented projects such as modern traffic routes, affordable housing, digital strategy and artificial intelligence. (RTT)
OTHERS DISPOSAL BY DOLPHIN OF ITS 80% EQUITY INTEREST IN DOLPHIN BIOGAS SDN BHD TO ASIA POLY GREEN ENERGY SDN BHD FOR APPROXIMATELY RM2.1 MILLION CASH ("DISPOSAL") DOLPHIN INTERNATIONAL BERHAD
Type Announcement Subject OTHERS Description DISPOSAL BY DOLPHIN OF ITS 80% EQUITY INTEREST IN DOLPHIN BIOGAS SDN BHD TO ASIA POLY GREEN ENERGY SDN BHD FOR APPROXIMATELY RM2.1 MILLION CASH ("DISPOSAL")
We refer to Dolphin’s announcements dated 31 January 2020, 14 May 2020 and 5 June 2020 in relation to the Disposal. Unless otherwise stated, all defined terms and abbreviations used in this announcement shall carry the same meaning as those previously defined in Dolphin’s circular to shareholders dated 14 May 2020 in relation to the Disposal.
On behalf of the Board, Mercury Securities wishes to announce that Dolphin and AP Green Energy had on 26 June 2020 entered into a supplemental letter to the Disposal SSA (“Supplement Letter”) to amend and vary the Disposal SSA and to waive the condition precedent pertaining to the obligation of Dolphin to obtain a written waiver and consent of SULPOM not to exercise its rights to acquire the Sale Shares and its tag-along rights (“Disposal SSA Amendments”).
Further to the above, the Board also wishes to announce that all the conditions precedent to the Disposal SSA has been fulfilled and/or waived and accordingly, the Disposal SSA has become unconditional on the date of this announcement.
Please refer to the attachment for further details on the Disposal SSA Amendments.
They sold biogas plant to Asiapoly,cleaning up balance sheet thru capital reduction,settlemet of creditors by shares at 7.6 sen, buying Uncle Don outlets fr Asiapoly... Restructuring exercise
Might pump in new assets too.. Asiapoly own 11% in D, % will increase thru share swap by selling Uncle Don... left pocket to right ..Once operator move fr Asiapoly to D price will move very fast ..huat huat
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RAMPAGE GODLIKE !
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EU: German to invest EUR12.4bn more to support economy amid COVID19 Impact. Germany's government announced measures including additional investment over next four years to boost the economy as the coronavirus outbreak hurt activity. The grand coalition of Chancellor Angela Merkel decided to increase investments by EUR3.1bn in each of the year from 2021 to 2024. This aid totaling EUR12.4bn will be invested in future-oriented projects such as modern traffic routes, affordable housing, digital strategy and artificial intelligence. (RTT)