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Monday, February 10, 2014

Destini shareholders approve Samudra Oil acquisition (Edge)

Destini Bhd's shareholders today approved the group's resolution to acquire 100% interest in Samudra Oil Services Sdn Bhd for RM80 million.

The group's managing director Datuk Rozabil Abdul Rahman told the media after Destini's extraordinary general meeting (EGM) that the acquisition would be finalised by the second quarter of this year.

"Now, we are waiting for Samudra's EGM. Hopefully, it will all go well and we hope that they are going to get the approvals by Bursa soon," said Rozabil.

Samudra Oil is a unit of Kejuruteraan Samudra Timur Bhd and is currently waiting for Bursa Malaysia to approve its EGM.

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