Merrill Lynch emerges in Destini as substantial shareholder
KUALA LUMPUR: Merrill Lynch International has emerged as a substantial shareholder in
Destini Bhd with a 5.01% stake.
A company filing yesterday showed the US fund had bought 523,000 shares on Jan 9.
The latest acquisition pushed its shareholding to 5.1%.
Destini’s core business are the safety and survival equipment for aircraft and ships.
Its R&D subsidiary, Detrac Sdn Bhd, develops custom-built Pan-Tilt-Zoom systems,
integrated optical systems, automation systems, data acquisition systems, wireless sensor