A total of 10.15 million shares were traded, catapulting it to the seventh position on Bursa Malaysia’s most active list. One of Destini’s filings with the stock exchange last Friday (Sept 9) revealed that MTD Capital Bhd had bought 31 million Destini shares to become a substantial shareholder. MTD Capital bought those shares on Aug 17, bringing the Destini shares it owned to 64 million or 6.42% of the total issued shares. MTD Capital was listed on Bursa Malaysia until April 2011, with a variegated portfolio of businesses ranging from property development, manufacturing, toll concessions, waste management, and construction. According to its website, MTD Capital also has a 27.8% stake in Touch n Go Sdn Bhd, the sole operator of Malaysia’s electronic toll collection (ETC).

Source: The Edge Markets September 13, 2016 03:45 UTC