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Destini Bhd Announces Acquisition Of Companies


Monday, 7 Oct 2013 02:31am EDT 

Destini Bhd announced that the Company has acquired the entire issued and paid-up share capital of the following companies:- (a) Techno Fibre Australia Pty Ltd for a purchase consideration of MYR1,400,000; (b) Techno Fibre Middle East Marine Services FZE for a purchase consideration of MYR17,384,000; (c) Technofibre International Sdn Bhd (formerly known as TF Lifeboat Sdn Bhd) for a purchase consideration of MYR4,000,000; and (d) Techno Fibre (S) Pte Ltd for a purchase consideration of MYR16,333,000. The total purchase consideration of MYR39,117,000 shall be satisfied entirely via the issuance of 130,390,000 new ordinary shares of RM0.10 each in Destini (Destini Share) at an issue price of MYR0.30 per Destini Share (Acquisitions). 

Company Quote

0.59
0.0050 +0.85%
26 Dec 2014