[DESTINI] Acquisitions on 02-Apr-2014
Announcement Date
02-Apr-2014
Listing Date
03-Apr-2014
New Type/Class?
No
Type
Acquisitions
Details
Acquisition by Destini Berhad ("Destini") of the entire issued and paid-up share capital of Samudra Oil Services Sdn Bhd, a wholly-owned subsidiary company of Kejuruteraan Samudra Timur Berhad, for a purchase consideration of RM80,000,000 to be fully satisfied via the issuance of 228,571,428 new ordinary shares of RM0.10 each in Destini ("Destini Share(s)") at an issue price of RM0.35 per Destini Share
No. of shared issued
228,571,428
Issue Price
MYR 0.350
Par Value
MYR 0.100
Total NOSH
721,961,428
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