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

Source :

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