KUALA LUMPUR, Oct 22 , 2021 –Destini Berhad (“Destini” or “the Group”) today inked a memorandum of understanding (“MOU”) with Siemens Mobility Sdn Bhd (“Siemens”) for the latter to act as Destini’s Technical Assistance Advisor in providing maintenance, repair and overhaul (“MRO”) services for electrical trainset components in Malaysia. The MOU was entered into to formalize a partnership that enables both parties to bring onboard its respective expertise and technical knowhow. The Group envisions that this partnership would enhance its rail-related expertise and would be beneficial for the Group in its pursuit of future rail-related contracts. Destini had also recently formed a joint venture company namely M Rail Technics Sdn Bhd, with Keretapi Tanah Melayu Berhad to carry out business of providing MRO services related to rail industry. With Siemens onboard, it would complement and enhance Destini Group’s MRO capabilities in rail industry. This partnership with Siemens signifies a progressive step forward for Destini to enhance its position in the rail industry by expanding its MRO capabilities, in line with the national agenda of establishing and developing local capabilities in MRO of railway systems.
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papamami
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Posted by papamami > 2021-10-13 11:46 | Report Abuse
yup.. LOI will come out this week