Destini buys Destination Marine for RM90mil


PETALING JAYA: Destini Bhd has bought Destination Marine Services Sdn Bhd (DMS) for an indicative value of RM90mil to be paid via a combination of issuance of new Destini shares at 70 sen each and/or cash.

The engineering solutions provider said in a statement that the acquisition came with a profit guarantee of RM10mil in 2015 and RM15mil in 2016.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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Business , destini , ship , engineering , destination , stocks , shares , klci , klse ,

   

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