DESTINI Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS 6. Investments in Subsidiaries (Cont’d) Details of the subsidiaries are as follows: (Cont’d) Name of company Place of Business / Country of Incorporation Effective equity interest Principal activities 2019 2018 % % Prinsip Pertiwi Sdn. Bhd Malaysia 100 100 Dormant Destini First Sdn. Bhd. Malaysia 100 100 Dormant Destini Aviation Sdn. Bhd. Malaysia 100 100 Maintenance, repairs and overhaul of aviation ground support safety and survival equipment Destini Rail Sdn. Bhd. Malaysia 100 100 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 70 Manufacturers, importer and exporters of safety and security products and defence equipment Held through Destini Armada Sdn. Bhd.: Destini Shipbuilding And Engineering Sdn. Bhd. Malaysia 100 100 Manufacturer of paramilitary boats and vessels and provides ship repair and marine related engineering services Armada Delmar Sdn. Bhd.(formely known as 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 97.95 80 Specialise in aircraft servicing and provide technical ground handling services for commercial airlines 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 100 100 Dormant Held through Destini Sdn Bhd DLP Rail Sdn. Bhd. Malaysia 100 - Dormant 06 FINANCIAL STATEMENTS DESTINI BERHAD 140