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Destini Bhd to acquire remaining shares in Vanguard Composite Engineering Pte Ltd


Thursday, 5 Jun 2014 08:00pm EDT 

Destini Bhd:Enters into heads of agreement in relation to proposed acquisition of remaining 500,000 ordinary shares in Vanguard Composite Engineering Pte Ltd.Says representing 49 pct of share capital with Ng Tuck Whye at indicative purchase consideration of 26 mln Ringgit.Says consideration to be satisfied entirely via issuance of 40,000,000 new ordinary shares of 0.10 Ringgit each in Destini at issue price of 0.65 Ringgit each. 

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