Destini to buy Aussie firm for RM285

Quick Summary:

Destini Bhd plans to acquire loss-making Australian firm, Trovon Group Pty Ltd, for AU$100 (RM285.12) as it seeks to capitalise on Trovon’s AU$43.35mil orderbook in rail-related services.

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Trovon also reported net liabilities of AU$2.5mil, with total borrowings of AU$10.9mil and cash holdings of AU$767,318 as of FY23.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustralia

Topics: MROIndustry OrderbookValue RailServices DestiniBhd Corporate News TrovonGroup /Business/Business News GlobalExpansion StrategicAcquisition

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-06 @ 00:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 136 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24150029

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Official Website: thestar.com.my

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News Last Updated: 2 hours ago

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