KUALA LUMPUR (April 22): Destini Bhd has expanded its future service offerings to include the provision of total engineering solutions and services, civil works, rolling stock, project and asset management and maintenance services for rail and track transportation projects in Malaysia.
In a filing with Bursa Malaysia today, Destini said its wholly-owned subsidiary Destini Rail Sdn Bhd has incorporated a new wholly-owned subsidiary DLP Rail Sdn Bhd on April 19 for the purpose.
As a result, DLP Rail has become an indirect wholly-owned subsidiary of Destini.
Destini said the principal activities of DLP Rail are to carry on the business of rail construction, track works, systems and communications.
The entire issued share capital of DLP Rail is RM100,000 comprising 100,000 ordinary shares, wholly owned by Destini Rail.
Destini's executive director Abdul Rahman Mohamed Rejab is the director of DLP Rail.
At the noon break today, Destini rose 1.7% or 0.5 sen to 29.5 sen with 5.41 million shares traded.
http://www.theedgemarkets.com/article/destini-expands-services-its-rail-unit
