General Announcement for PLC

26/08/2021

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

Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in Destini Berhad’s announcement dated 24 February 2021 in relation to the Proposed Joint Venture.

 

The Board of Directors of Destini (“Board”) wishes to announce that Destini Rail Sdn Bhd (“DRSB”), a wholly-owned subsidiary of Destini, had on 26 August 2021 entered into a deed of novation and amendment relating to the SJVSA with KTMB Technics Sdn Bhd (“KTMB Technics”) a wholly owned subsidiary of Keretapi Tanah Melayu Berhad, ET Sdn Bhd (“ETSB”) and M Rail Technics Sdn Bhd (“MRail”) (“Novation”).

 

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

 

This announcement is dated 26 August 2021.


Please refer attachment below.


Announcement Info

Company Name DESTINI BERHAD
Stock Name DESTINI
Date Announced 26 Aug 2021
Category General Announcement for PLC
Reference Number GA1-26082021-00096


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