General Announcement for PLC

24/02/2021

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DESTINI BERHAD ("DESTINI" OR "COMPANY") SUBSCRIPTION, JOINT VENTURE AND SHAREHOLDERS AGREEMENT WITH KERETAPI TANAH MELAYU BERHAD

DESTINI BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
DESTINI BERHAD ("DESTINI" OR "COMPANY")
SUBSCRIPTION, JOINT VENTURE AND SHAREHOLDERS AGREEMENT WITH KERETAPI TANAH MELAYU BERHAD

The Board of Directors of Destini (“Board”) wishes to announce that Destini Rail Sdn Bhd (“DRSB”), a wholly-owned subsidiary of Destini, had on 24 February 2021 entered into a subscription, joint venture and shareholders agreement (“SJVSA”) with KTMB Technics Sdn Bhd (formerly known as KTMB Consultancy Services Sdn Bhd (“KTMB Technics”) and ET Sdn Bhd (“ETSB”) (“collectively referred to as “Parties”) (“Proposed Joint Venture”).

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

This announcement is dated 24 February 2021.


Please refer attachment below.


Announcement Info

Company Name DESTINI BERHAD
Stock Name DESTINI
Date Announced 24 Feb 2021
Category General Announcement for PLC
Reference Number GA1-24022021-00114


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