NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 79 - 6. Investment in Subsidiaries (Cont’d) Details of the subsidiaries are as follows: (Cont’d) Place of Business Name of company 30.6.2024 31.12.2022 Principal activities % % Effective / Country of equity interest Incorporation Held through Destini Rail Sdn Bhd DLP Rail Sdn. Bhd. - 100 Dormant 70 70 Maintenance, repair and overhaul of electric trains for domestic and regional markets Held through Destini Armada Pte. Ltd.: Vanguarde Pte. Ltd.* 100 100 Importer and exporter of life boats and life saving TF Corp Pte. Ltd.* 100 100 Investment holding PT Destini Marina 99.9 99.9 Provision of jetty/port Perkasa* operations related services to companies involved with mining activities Held through Vanguarde Pte. Ltd.: Vanguarde Offshore - 100 Importer and exporter of Pte. Ltd.*# marine equipment and accessories Vanguard (Nantong) 100 100 Manufacturing of life boats F.R.P. Co. Ltd.* and life saving appliances Vanguard Safety - 100 General merchants and Technologies business in oil and gas Sdn. Bhd.# Vanguarde Marine - 100 Dormant Engine Pte. Ltd.# Malaysia Singapore Singapore Malaysia Indonesia Singapore Malaysia Singapore Sdn. Bhd. M Rail Technics People's Republic of China 156 DESTINI BERHAD ANNUAL REPORT 2024
RkJQdWJsaXNoZXIy NDgzMzc=