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 % % Held through Destini Shipbuilding And Engineering Sdn. Bhd.: THHE Destini Sdn. Bhd. Malaysia 51 51 Manufacturer of paramilitary boats and vessels and provides ship repair and marine related engineering services Held through Destini Oil Services Sdn. Bhd. Destini Downstream Sdn. Bhd. Malaysia 100 - Dormant (formerly known as Massive Maxim Sdn. Bhd.) DBD International Pte. Ltd. Singapore 100 - Dormant Held through Destini Armada Pte. Ltd.: Vanguarde Pte. Ltd. Singapore 100 100 Manufacture and offers maintenance of (formerly known as Vanguard lifeboats, fast rescue boats, davit systems and Composite Engineering a host of other safety equipment for the marine Pte. Ltd.)* and oil and gas industries TF Corp Pte. Ltd.* Singapore 100 100 Investment holding AMS Marine Pte. Ltd.* Singapore 70 - Building and repairing of ships, tankers and other ocean-going vessels Held through Vanguarde Pte. Ltd. (formerly known as Vanguard Composite Engineering Pte. Ltd.): Vanguarde Offshore Pte. Ltd. Singapore 100 100 Development and sale of Self-Propelled (formerly known as Vanguard Hyperbaric Life Boat ("SPHLB") and life saving Offshore Pte. Ltd.)* appliances Vanguard Nantong FRP Co. Ltd.* People 100 100 Manufacturing, maintaining and trading of FRP Republic ship, FRP products and life-saving equipment of China Vanguard Safety Technologies Malaysia 100 100 Supplying marine related lifesaving equipment, Sdn. Bhd. parts and accessories 123 DESTINI BERHAD Annual Report 2017