DESTINI

0.035

-0.005 (-12.5%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DESTINI BERHAD ("DESTINI" OR "THE COMPANY") (I) PROPOSED ACQUISITION BY DESTINI ARMADA PTE LTD ("DAPL"), A WHOLLY-OWNED SUBSIDIARY OF DESTINI, OF 4,999 ORDINARY SHARES IN PT MUARA BADAK PERKASA ("PT MBP"); AND (II) PROPOSED DIVERSIFICATION OF THE BUSINESS ACTIVITIES OF DESTINI AND ITS SUBSIDIARIES TO INCLUDE PROVISION OF JETTY/PORT OPERATIONS RELATED SERVICES TO MINING COMPANIES

DESTINI BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
DESTINI BERHAD ("DESTINI" OR "THE COMPANY")

(I) PROPOSED ACQUISITION BY DESTINI ARMADA PTE LTD ("DAPL"), A WHOLLY-OWNED SUBSIDIARY OF DESTINI, OF 4,999 ORDINARY SHARES IN PT MUARA BADAK PERKASA ("PT MBP"); AND

(II) PROPOSED DIVERSIFICATION OF THE BUSINESS ACTIVITIES OF DESTINI AND ITS SUBSIDIARIES TO INCLUDE PROVISION OF JETTY/PORT OPERATIONS RELATED SERVICES TO MINING COMPANIES

Reference is made to the announcements made on 19 February 2020, 28 February 2020, 3 April 2020, 21 April 2020, 28 April 2020 and 6 July 2020 in relation to the Proposals ("Announcements"). Unless otherwise defined, all expressions used in this announcement shall carry the same meaning in the Announcements.

On behalf of the Board, UOB Kay Hian Securities (M) Sdn Bhd wishes to announce that Bursa Securities had, vide its letter dated 4 August 2020, resolved to grant an extension of time of 3 months up to 18 October 2020 to submit the draft Circular pursuant to Paragraph 9.33(1)(a) of the Listing Requirements.

 

This announcement is dated 4 August 2020.






Announcement Info

Company Name DESTINI BERHAD
Stock Name DESTINI
Date Announced 04 Aug 2020
Category General Announcement for PLC
Reference Number GA1-04082020-00074