Dolphin's BIG EXPANSION! 40 Uncle Don Express outlets within 5 years
- Dolphin International – the defacto listed company for dining restaurant chain Uncle Don - is looking to expand its Uncle Don business via the ready-to-eat convenient concept.
- Just like 7-Eleven, Family Mart, but Dolphin’s new concept will be independent outlets selling only ready meals, offering more choices and a better environment for patrons.
- On 12 July 2021, Dolphin’s wholly-owned unit United Delight Sdn Bhd entered into an agreement with Uncle Don’s Restaurants Sdn Bhd) for a 5- year plus a renewable 5-year exclusive master license to run F&B convenience concept stores under the trademark “UD Express”.
- For this purpose, the group is looking to raise some RM24.17mil via a private placement.
- This will allow the Group to open 18 UD Express outlets in 42 months, and 40 outlets in 5 years. The major shareholder of Dolphin is Asia Poly Holdings Bhd with a 15.06% stake.
- In other developments, Dolphin also intends to set up a new Uncle Don’s outlet in Batu Pahat. Dolphin already has 4 outlets.
- In addition, United Distribution Sdn Bhd, a wholly-owned subsidiary of Dolphin, was set up to undertake the distribution of Uncle Don’s brand of chili sauce and tomato sauce.
- Thus, United Distribution is now selling the chilli and tomato sauces to ALL of its 30 Uncle Don outlets, besides selected retailers.
- This also means additional source of income for Dolphin.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MadCow75
3,091 posts
Posted by MadCow75 > 2021-04-22 13:17 | Report Abuse
believe might kill u, but not believe then miss the boat lor... gogogo!!!