Destini Plans 10-to-1 Share Consolidation
Destini Plans 10-to-1 Share Consolidation
Destini Bhd is proposing to consolidate shares, combining every 10 existing shares into one, with an entitlement date yet to be determined.
Destini Bhd提议合并股份，将每10股现有股票合并为一股，其授权日期尚未确定。
The move aims to adjust market prices for both shares and warrants B.
此举旨在调整股票和认股权证B的市场价格。
Based on March 22's closing price, the consolidated shares would theoretically be valued at 35 sen, while warrants B would adjust to 15 sen.
根据3月22日的收盘价，合并股票的估值理论上将为35仙，而认股权证B将调整为15仙。
After consolidation, Destini's share base will decrease to 499.06 million shares at a minimum or 665.41 million at a maximum, factoring in full exercise of outstanding warrants B.
整合后，考虑到未偿还认股权证B的全部行使，德斯蒂尼的股权基础将减少至至少4.996亿股，最多减少至6.6541亿股。
With a current share capital of RM612.91 million and 1.66 billion outstanding warrants B as of March 22, Destini believes the consolidation will improve its share capital structure and potentially reduce share price volatility.
截至3月22日，德斯蒂尼目前的股本为6.1291亿令吉，未偿还认股权证B为16.6亿令吉，他认为此次整合将改善其股本结构，并有可能减少股价波动。
The proposal is subject to approval from Bursa Securities and shareholders at an EGM, expected to conclude by the second quarter of 2024.
该提案有待布尔萨证券交易所和股东在股东特别大会上批准，股东大会预计将于2024年第二季度结束。
UOB Kay Hian Securities (M) Sdn Bhd has been appointed as the principal adviser for the consolidation exercise.
大华继显证券（M）私人有限公司被任命为整合活动的首席顾问。