DESTINI BERHAD
KLSE (MYR): DESTINI (7212)
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Last Price
0.34
Today's Change
-0.005 (1.45%)
Day's Change
0.31 - 0.34
Trading Volume
597,800
IPO Info
Offer Period
Opening
Closing
Time Table
Allotment Date
Listing Date
Price
Issue Price
-
Units
-
Share Capital
0.000
No of Shares
Public Issue
-
Offer for Sale
-
Private Placement
-
Issuing House
-
ISIN Code
-
Prospectus:
RENOUNCEABLE RIGHTS ISSUE OF UP TO 3,327,063,258 NEW ORDINARY SHARES IN DESTINI BERHAD ("DESTINI" OR THE "COMPANY") ("DESTINI SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT THE ISSUE PRICE OF RM0.04 PER RIGHTS SHARE, ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING DESTINI SHARE HELD, TOGETHER WITH UP TO 1,663,531,629 FREE DETACHABLE WARRANTS IN DESTINI ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR, AS AT 5.00 P.M. ON TUESDAY, 13 FEBRUARY 2024 ("RIGHTS ISSUE WITH WARRANTS")
Satang-Cover-Definitions-Contents-CorpDirectory (814KB).pdf
Satang-Summary-IPODetails-RiskFactors (920KB).pdf
Satang-GroupInfo-InfoOnPromoters (1.3MB).pdf
Satang-ApprovalConditions-RPT-GroupOtherInfo-FinancialInfo (869KB).pdf
Satang-AccountantsRpt (1.1MB).pdf
Satang-IndependentBusiness-DirectorsRpt (757KB).pdf
Satang-FurtherStatutory-ProceduresForApplication (1.1MB).pdf
Satang-NoticeOfProspectus (86KB).pdf
Discussions
11 people like this. Showing 50 of 6,794 comments
contract value more than market cap also cannot move the price..rubbish stock
2023-07-21 09:52
Projek Helikopter MD530G RM321.9 juta: Rakaman keterangan Harrison mengaku beri Hishammudin Hussien RM5 juta rasuah wajar dibuka semula
https://thecorporate-secrets.com/blog/2023/08/22/projek-helikopter-md530g-rm321-9-juta-rakaman-keterangan-harrison-mengaku-beri-hishammudin-hussien-rm5-juta-rasuah-wajar-dibuka-semula/
2023-08-22 16:39
Destini 10 cents
Are u all ready for the upward.laggard.
26/10/23 3.45pm
2023-10-26 15:46
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 3,327,063,258 NEW ORDINARY SHARES IN DESTINI BERHAD ("DESTINI" OR THE "COMPANY") ("DESTINI SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT THE ISSUE PRICE OF RM0.04 PER RIGHTS SHARE, ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING DESTINI SHARE HELD, | https://www.klsescreener.com/v2/announcements/view/5930143
2023-11-09 22:38
High NOSH low price penny stock in the making
Many penny stocks with high NOSH of above 3 Billion shares had done shares consolidation.
Latest examples are AT, JOE, MMAG, KGROUP, ETC
2023-11-09 22:41
Upon completion of rights issue,
NOSH = 4,990,594,887
New warrant = 1,663,531,629
Very very massive fund raising via very very massive share issuance
In near future, directors likely to propose shares consolidation to reduce the NOSH anf raise more fund via shares issuance to RI, PP and ESOS
2023-11-15 20:41
Hi, anybody know when is the subscribed right issue share and warrant listing? Thanks!
2024-03-12 10:36
Fastest record of shares consolidation after their rights issues in Feb....lol
2024-03-27 15:20
MACC should investigate these penny stock companies for using shares issuance to raise massive fund and shares consolidation to trim the shares issued and then repeating the process to cause huge losses to retail shareholders.
2024-06-06 21:08
Harrison serang Hannah Yeoh, rasuah Helikopter MD530G RM 321 juta bila SPRM nak buka semula?
https://thecorporatessecrets.com/blog/2024/06/07/harrison-serang-hannah-yeoh-rasuah-helikopter-md530g-rm-321-juta-bila-sprm-nak-buka-semula/
2024-06-10 09:06
FOR NEWBIES
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN DESTINI ("DESTINI SHARE(S)" OR "SHARE(S)") INTO 1 DESTINI SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")
On behalf of the Board, UOBKH is pleased to announce that the Share Consolidation has been completed following the listing of and quotation for 499,059,412 Consolidated Shares and 166,353,160 Consolidated Warrants B on the Main Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 12 June 2024.
This announcement is dated 12 June 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3455626
https://www.klsescreener.com/v2/stocks/view/7212/destini-berhad
===================
@Rose001
The price has gone up due to share consolidation.
Retailers bought and holding the shares at high prices incurred huge losses when their shareholdings are reduced by 10 times
==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition
=================
Expect directors to restart fund raising via shares issuance to PP, ESOS, RI, asset acquisition,...
2024-06-25 08:27
FOR NEWBIES
HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI.
This announcement is dated 15 July 2024.
================
List of high NOSH penny stocks with shares consolidation :-
2024 in progress - HM, MQTECH, XOX, VIZIONE, KGROUP
2024 completed - DESTINI, AEM, AT, FINTEC, TECHNAX, MLAB, BPURI,
2023 completed = JOE, ICON, MMAG, KOMARK, GOCEAN, AIM, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........
Retail investors trapped at high price incurred huge losses caused by share consolidation
2024-07-16 10:50
FOR NEWBIES
Announced EX Date Subject Ratio Offer
24 May 2024 10 Jun 2024 Share Consolidation 1.0000 : 10.0000
26 Jan 2024 09 Feb 2024 Rights Issue (warrant) 2.0000 : 1.000 0.0400
12 Sep 2013 26 Sep 2013 Bonus Issue (warrant) 2 : 3 View
27 Jul 2012 08 Aug 2012 Rights Issue 5 : 2 View
3 years of continuous losses
https://www.klsescreener.com/v2/stocks/view/7212/destini-berhad
Check P/L and Capital Changes
=====================
NOSH = 499,059,412 after share consolidation in Jun 2024
Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc
Expect NOSH to increase and shareholder equity % and EPS to be diluted with massive share issuance in near future
==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition, etc
===========
Expect Cindy Kate to play the price to attract & trap newbies, punters, fomo oldbies etc
2024-07-17 08:45
oh wow Destini finally reports a profit
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3497127
2 weeks ago
candlestick pattern looks nice now at 0.360 and if it can sustain and close above 37 would be great. selling is strong at 0.340 & 0.345
1 week ago
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Limit up….with increased RM222+million contract
2023-07-21 08:23