DESTINI AR 2017

8 DESTINI BERHAD Corporate Diary Destini’s 2013 2014 2015 MARCH Completed the purchase of oil and gas service provider Samudra Oil Services Sdn Bhd, now known as Destini Oil Services Sdn Bhd for RM80 million. APRIL Destini acquired the Techno Fibre Group to wholly-own Techno Fibre Australia Pty Ltd, Techno Fibre Middle East Marine Services FZE, Techno Fibre International Sdn Bhd and Techno Fibre (S) Pte Ltd. The Techno Fibre Group is in the business of lifeboat and davit maintenance. After completing its regularisation plan and achieving profits for two consecutive quarters, Destini was uplifted from PN17 status. AUGUST The Group acquired its own building in Glenmarie Industrial Park, Shah Alam to house its corporate office and workshop facilities. AUGUST Destini acquired a 50% stake in Detrac Sdn Bhd to become the research and development arm of the Group. Subsequently, the Group increased its shareholding in Detrac to 70% in November 2014. APRIL Destini acquired Land Auto Technology Sdn Bhd, which is in the business of motor vehicle, motor accessories and spare part trading and distributorship. JUNE Destini acquired a 80% stake in Safeair Technical Sdn Bhd, a company that provides Line Maintenance services for civil airlines in local airports. Destini Aviation Sdn Bhd entered into a joint venture agreement with UK-based Avia Techinique Limited to establish a ¬new joint venture company called Destini Avia Technique Sdn Bhd (DAT). DAT was incorporated to carry on the provision of inspection, repair and overhaul services for civil air craft components. SEPTEMBER Destini acquired the remaining 49% stake it did not own in Vanguard to wholly-own the lifeboat maker. DECEMBER The Group acquired Destini Shipbuilding & Engineering Sdn Bhd (DSBE) to enable it to fabricate six 44.25-meter New Generation Patrol Crafts worth RM381.30 million for the Malaysian Maritime Enforcement Agency (MMEA).