Destini submits annual report, avoids suspension

PETALING JAYA: Destini Bhd has avoided a potential trading suspension after submitting its annual report for the financial year ended June 30, 2025.

The integrated engineering solutions provider announced earlier this week that its shares will be suspended from Nov 10 if it fails to release its annual report by Nov 7.

“Kindly be advised that the company had on Nov 5, 2025, submitted its annual report that includes the annual audited financial statements, together with the auditors' and directors' reports in respect of the financial period ended June 30, 2025, to Bursa Malaysia Securities Bhd.

“In view of the above, please be advised there will be no suspension of trading in the above company's securities on Nov 10.”

The company had failed to submit its annual report to Bursa Malaysia within the stipulated timeframe - namely, Oct 31, 2025.

Pursuant to Paragraph 9.28(5) of the Main Market Listing Requirements of Bursa Securities (LR), if a listed issuer fails to issue the outstanding financial statements within five market days after the expiry of the relevant timeframes stated in Paragraph 9.23(1) of the LR, in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer.