PETALING JAYA: Dolphin International Bhd
has announced several strategic initiatives aimed at bolstering its position in the food and beverage (F&B) sector.
The company said it is proposing to undertake a private placement to raise RM2.44mil to support its working capital for the F&B business and trading segment.
Dolphin is also proposing to change its name to Oasis Harvest Corp Bhd.
“This rebranding aligns with the company’s core business and values, aiming to enhance public confidence and stakeholder engagement,” it said in a statement.
Additionally, Dolphin said it is proposing a variation to the sale and purchase agreement with regards to the acquisition of High Reserve F&B Sdn Bhd for RM36mil, whereby certain payment terms will be varied or waived.
