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提議合併股份，將每10股現有股票合併爲一股，其授權日期尚未確定。
The move aims to adjust market prices for both shares and warrants B.
此舉旨在調整股票和認股權證B的市場價格。
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.
根據3月22日的收盤價，合併股票的估值理論上將爲35仙，而認股權證B將調整爲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.
整合後，考慮到未償還認股權證B的全部行使，德斯蒂尼的股權基礎將減少至至少4.996億股，最多減少至6.6541億股。
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爲6.1291億令吉，未償還認股權證B爲16.6億令吉，他認爲此次整合將改善其股本結構，並有可能減少股價波動。
The proposal is subject to approval from Bursa Securities and shareholders at an EGM, expected to conclude by the second quarter of 2024.
該提案有待布爾薩證券交易所和股東在股東特別大會上批准，股東大會預計將於2024年第二季度結束。
UOB Kay Hian Securities (M) Sdn Bhd has been appointed as the principal adviser for the consolidation exercise.
大華繼顯證券（M）私人有限公司被任命爲整合活動的首席顧問。