NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 78 - 6. Investment in Subsidiaries (Cont’d) Details of the subsidiaries are as follows: (Cont’d) Place of Business Name of company 2021 2020 Principal activities % % Effective / Country of equity interest Incorporation Held through Destini Aviation Sdn. Bhd.: Safeair Technical - 97.95 Specialise in aircraft Sdn. Bhd. servicing and provide technical ground handling services for commercial airlines Held through Destini Shipbuilding And Engineering Sdn. Bhd.: THHE Destini - 51 Manufacturer of Sdn. Bhd. paramilitary boats and vessels and provides ship repair and marine related engineering services Held through Destini Energy Sdn. Bhd. Destini Upstream 100 100 Dormant Sdn. Bhd. Hijau Baiduri 100 - Investment holding and Sdn. Bhd.* general trading Held through Destini Rail Sdn Bhd DLP Rail Sdn. Bhd. 100 100 Dormant M Rail Technics Sdn. Bhd. 70 - Dormant Held through Destini Armada Pte. Ltd.: Vanguarde Pte. Ltd.* 100 100 Importer and exporter of life boats and life saving appliances Malaysia Singapore Malaysia Malaysia Malaysia Malaysia Malaysia 155 ANNUAL REPORT 2021 • DESTINI BERHAD
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