KUALA LUMPUR: Destini Bhd
is making its foray into jetty and port operations for mining companies via a proposed stake buy in Indonesian company PT Muara Badak Perkasa (PT MBP) in a S$4mil (RM12mil) deal.
Interestingly, the purchase of the 4,999 shares, or 99.9% stake, in PT MBP will come with a profit guarantee. In exchange for the stake, PT MPB’s parent PT Berkah Sadaya Adikarya will own 55% of Destini Armada Pte Ltd while Destini’s stake will be diluted to 45%.
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