General Announcement for PLC

21/04/2021

OTHERS DESTINI BERHAD ("DESTINI" OR "COMPANY") PROPOSED DISPOSAL BY DESTINI SHIPBUILDING AND ENGINEERING SDN BHD ("DSBE"), AN INDIRECT SUBSIDIARY OF DESTINI, OF 382,500 ORDINARY SHARES IN THHE DESTINI SDN BHD ("TDSB"), REPRESENTING 51% EQUITY INTEREST IN TDSB TO THHE FABRICATORS SDN BHD FOR A CASH CONSIDERATION OF RM121,131.12 ("PROPOSED DISPOSAL")

DESTINI BERHAD

Type Announcement
Subject OTHERS
Description 
DESTINI BERHAD ("DESTINI" OR "COMPANY")

PROPOSED DISPOSAL BY DESTINI SHIPBUILDING AND ENGINEERING SDN BHD ("DSBE"), AN INDIRECT SUBSIDIARY OF DESTINI, OF 382,500 ORDINARY SHARES IN THHE DESTINI SDN BHD ("TDSB"), REPRESENTING 51% EQUITY INTEREST IN TDSB TO THHE FABRICATORS SDN BHD FOR A CASH CONSIDERATION OF RM121,131.12 ("PROPOSED DISPOSAL")

The Board of Directors of Destini (“Board”) wishes to announce that DSBE, an indirect subsidiary of Destini had on 21 April 2021, entered into a conditional share sale agreement (“SSA”) with THHE Fabricators Sdn Bhd (“TFSB”) for the disposal of 382,500 ordinary shares in TDSB (“Sale Shares”), representing 51% equity interest in TDSB for a cash consideration of RM121,131.12 (“Disposal Consideration”) (“Proposed Disposal”).

The details of the above matter are set out in the attachment herein.

This announcement is dated 21 April 2021.


Please refer attachment below.


Announcement Info

Company Name DESTINI BERHAD
Stock Name DESTINI
Date Announced 21 Apr 2021
Category General Announcement for PLC
Reference Number GA1-21042021-00066


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