Destini's share price rise 3.37% after clinching Defence Ministry deal
20 Apr 2018 / 12:12 H.
PETALING JAYA: Destini Bhd’s share price rose 3.37% this morning after it was awarded a RM138 million contract by the Defence Ministry.
At 11.36am, its share price was 3.37% or 1.5 sen higher at 46 sen with 3 million shares traded. The stock closed unchanged yesterday at 44.5 sen with a total of 1.3 million shares traded.
Under the contract, Destini will provide maintenance, repair and overhaul (MRO) services as well as supply safety and survival equipment to the Royal Malaysian Air Force (RMAF).
The contract is in addition to the RM98 million deal on MRO services and supply of safety and survival equipment to the RMAF for three years from Oct 3, 2016.