DESTINI AR 2017
5. Investments in Subsidiaries (Cont’d) Details of the subsidiaries are as follows: (Cont’d) Effective Country of equity interest Name of company incorporation 2017 2016 Principal activities % % Green Pluslink Sdn. Bhd. Malaysia - 51.9 Provides extrusion and recycling of waste tires for the production of carbon black, diesel fuel and scrap metal Land Auto Technology Sdn. Bhd. Malaysia 100 100 Engage in business of fabrication, manufacturing, supplying delivery and maintenance of vehicles Prinsip Pertiwi Sdn. Bhd. Malaysia 100 100 Dormant Destini First Sdn. Bhd. Malaysia 100 100 Supplying of defence and aviation equipment, parts and accessories Destini Aviation Sdn. Bhd. Malaysia 100 100 Maintenance, repairs and overhaul of aviation ground support safety and survival equipment Destini Rail Sdn. Bhd. Malaysia 100 - Dormant Held through Destini Prima Sdn. Bhd.: Satang Environmental Sdn. Bhd. Malaysia 100 100 Dormant Satang-ICS Global Sdn. Bhd. Malaysia 51 51 Dormant DB Precision Sdn. Bhd. Malaysia 100 100 Supplying calibration and cylinder services Halaman Optima Sdn. Bhd. Malaysia 70 - Manufacturers, importer and exporters of safety and security products and defence equipment Held through Destini Armada Sdn. Bhd.: Destini Shipbuilding And Malaysia 100 100 Manufacturer of paramilitary boats and vessels Engineering Sdn. Bhd. and provides ship repair and marine related engineering services Technofibre International Sdn. Bhd. Malaysia 100 100 Lifeboat and davit servicing business, trading in other safety equipment catered to the marine and oil and gas industries as well as servicing life raft and firefighting equipment Held through Destini Aviation Sdn. Bhd.: Safeair Technical Sdn. Bhd. Malaysia 80 80 Specialise in aircraft servicing and provide technical ground handling services for commercial airlines 122 DESTINI BERHAD Financial Statements Notes to the 31 December 2017
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