Destini shares rise on contract extension with Home Ministry


KUALA LUMPUR: Destini Bhd ’s shares rose on Tuesday as it has obtained work extension to maintain police equipment from Home Ministry.


The counter gained 4.76%, or 10 to 22 sen with 2.6 million shares done.


Destini’s unit has received a further three-year extension from the Home Affairs Ministry to maintain, repair and overhaul safety and survival equipment for the Royal Malaysian Police's Pasukan Gerakan Udara.


Its unit Destini Prima Sdn Bhd received the letter of extension on Jan 4, with the contract's ceiling value kept at RM10mil.


The extension, which will expire on Nov 29, 2021, entails the maintenance services, technical assistance and ground support for the Royal Malaysian Police Air Force.


Stock on the Move , Destini , Home Ministry