Destini rises 10.26% on bagging umbrella contract from Petronas Carigali

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KUALA LUMPUR (Oct 10): Destini Bhd shares rose 10.26% this morning after its unit has bagged an umbrella contract from Petronas Carigali Sdn Bhd to provide integrated well services for intervention, workover and abandonment for petroleum arrangement contractors (PACs).

At 9.21am, Destini rose 2 sen to 21.5 sen for a market capitalisation of RM248.37 million.

It said the contract — awarded to its wholly-owned Destini Oil Services Sdn Bhd (DOS) on Sept 20 — had commenced on the same date and would expire on Sept 19, 2024, unless extended or terminated.