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Destini shareholders approve Samudra Oil acquisition

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Destini shareholders approve Samudra Oil acquisition Empty Destini shareholders approve Samudra Oil acquisition

Post by Cals Mon 10 Feb 2014, 13:29

Destini shareholders approve Samudra Oil acquisition
Business & Markets 2014
Written by Fatin Rasyiqah Mustaza of theedgemalaysia.com   
Monday, 10 February 2014 12:57

KUALA LUMPUR: 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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