KUALA LUMPUR: Destini Bhd
has acquired Samudra Oil Services Sdn Bhd, a wholly-owned subsidiary of Kejuruteraan Samudra Timur Bhd, for RM80mil.
The acquisition will be fully satisfied via the issuance of 228.6 million Destini shares at 35 sen per share.
The acquisition was expected to be completed by month-end after Kejuruteraan Samudra shareholders approve the purchase at an EGM, the company said in a statement. — Bernama
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