KUALA LUMPUR (July 4): Destini Bhd’s executive chairman Datuk Rozabil @ Rozamujib Abdul Rahman has been selling his shares in the company of late, paring his stake by 1.63% from 17.81% as of March 31.
According to the company’s filings with Bursa Malaysia, Rozabil sold 3.42 million shares on June 30 and July 1, bringing his stake to 16.18%.
All in all, Rozabil sold 17.9 million Destini shares in June. All of his shareholding changes during the month involved disposals.
Shares of Destini have been on a downtrend since the fourth quarter of last year, falling by 63% from 30 sen on Sept 30, 2021.
On Monday, the stock closed 1.5 sen or 12% lower at 11 sen, giving the company a market capitalisation of RM182.99 million.