Disposal of Dialog Jubail Supply Base Company Limited
Disposal of Dialog Jubail Supply Base Company Limited
The Sale Consideration was based on a willing-buyer willing-seller basis, after taking into account DJSB's unaudited adjusted net assets as at 30 June 2024 of SAR77.6 million.Dialog Group Berhad ("DIALOG") wishes to announce that on 27 August 2024, its indirect subsidiary, Dialog (Labuan) Ltd ("DLL") has entered into an agreement to dispose of its entire 60% equity stake in Dialog Jubail Supply Base Company Limited ("DJSB") to Sedres Trading & Maritime Services Co Ltd ("Sedres"), for a total cash receipt of SAR47.5 million (approximately RM55.0 million) comprising of sale consideration of SAR3.0 million (approximately RM3.5 million) ("Sale Consideration") and dividends of SAR44.5 million (approximately RM51.5 million) to be received prior to completion ("Shares Sale").
Dialog Group Berhad（「DIALOG」）希望宣佈，其間接子公司Dialog（Labuan）有限公司（「DLL」）已於2024年8月27日簽署協議，將其持有的Dialog Jubail Supply Base有限公司（「DJSB」）60%的股權全部轉讓給Sedres Trading＆Maritime Services Co Ltd（「Sedres」），總現金收入爲4750萬沙特里亞爾（約合5500萬林吉特），包括銷售對價爲300萬沙特里亞爾（約合350萬林吉特）（「銷售對價」）和在完成前將收到的4450萬沙特里亞爾（約合5150萬林吉特）的分紅派息（「股權出售」）。
DJSB is principally involved in the provision of logistic services of a supply base and trading of base oil in Saudi Arabia. DLL and Sedres are currently shareholders in DJSB holding equity stakes of 60% and 40%, respectively. DLL is a company incorporated in Labuan, Malaysia and, DJSB and Sedres are companies incorporated in the Kingdom of Saudi Arabia. The business landscape is evolving in Jubail Port area wherein most of the heavy lifting work that DJSB provides is expected to decrease gradually and favouring normal logistics services only. With that and with Sedres' interest to take over DJSB as a locally owned company in Saudi Arabia, it is an opportune time for DIALOG to divest its stake in DJSB.
DJSb主要從事沙特阿拉伯供應基地的物流服務和基礎油交易。 DLL和Sedres目前分別持有DJSb的60%和40%的股權。 DLL是馬來西亞Labuan註冊的公司，DJSb和Sedres是在沙特阿拉伯王國註冊的公司。 Jubail港區的業務格局正在發生變化，DJSb提供的大部分重型搬運工作預計將逐漸減少，並且更傾向於僅提供正常的物流服務。鑑於此，並且Sedres有意在沙特阿拉伯接管DJSb作爲當地擁有的公司，這是DIALOG在DJSb中撤資的一個適當時機。
The disposal involves the sale of 1,200 ordinary shares or DLL's entire 60% equity interest in DJSB.
本次處置涉及以1200股普通股的形式出售DLL在DJSb的全部60%股權。
The Sale Consideration was based on a willing-buyer willing-seller basis, after taking into account DJSB's unaudited adjusted net assets as at 30 June 2024 of SAR77.6 million.
銷售對價是在買方願意買方願意賣的基礎上，基於DJSB截至2024年6月30日未經審計的調整淨資產達到7760萬沙特里亞爾。
DLL's original cost of investment in DJSB was SAR1.2 million (approximately RM1.4 million) which was made in 2011 and the Shares Sale resulted in a gain to DIALOG of SAR0.9 million (approximately RM1.0 million). The sale proceeds will be used for working capital purposes.
DLL在DJSb的原始投資成本爲120萬沙特里亞爾（約合140萬林吉特），該投資是在2011年進行的，而股權出售使DIALOG獲得90萬沙特里亞爾（約合100萬林吉特）的收益。銷售所得將用於運營資金。
DJSB will cease to be a subsidiary of DIALOG upon receiving total cash receipt and with effect from the date of the registration of the change of shareholders of DJSB with the relevant authorities in Saudi Arabia, expected to be within next 9 months.
在收到總現金收入並且DJSb的股東變更登記生效後，DJSb將不再是DIALOG的子公司，預計將在未來9個月內向沙特阿拉伯相關管理機構進行股東變更登記生效。
The Shares Sale has no effect on the share capital and substantial shareholders' shareholdings of DIALOG and has no material impact on the earnings, net assets and gearing of DIALOG.
股票銷售對DIALOG的股本和實質性股東持股沒有影響，對DIALOG的盈利、淨資產和財務槓桿沒有實質性影響。
The Shares Sale does not require approvals from the relevant authorities and the shareholders of DIALOG.
股票銷售不需要經過相關部門和DIALOG的股東的批准。
None of the directors of DIALOG, major shareholders of DIALOG and/or persons connected with them have any interest, whether direct or indirect, in the Shares Sale.
DIALOG的董事、DIALOG的主要股東和/或與他們有關的人員對股票銷售沒有任何利益，無論是直接還是間接的。
This announcement is dated 27 August 2024.
本公告日期爲2024年8月27日。
譯文內容由第三人軟體翻譯。