Registration No. 200301030845 (633265-K) - 80 - 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 TF Corp Pte. Ltd.: Techno Fibre 100 100 Servicing the needs of Australia Shipping and Petroleum Pty. Ltd.* Companies and supporting their fleets Techno Fibre 100 100 Providing installation & Middle East maintenance of marine Marine Services equipment (FZE)* Techno Fibre (S) 100 100 Fabrication and repair of Pte. Ltd.* fibre composite boats Destini Marine Safety 60 60 Technical testing and Solutions Ltd.* raenpaalyirsiasnd maintenance of TF Corp Saudi Arabia - 51 Providing installation & Co. Ltd.*# maintenance of marine equipment United Kingdom Australia United Arab Emirates Kingdom of Saudi Arabia Singapore *nn Subsidiaries not audited by UHY Kuala Lumpur #nn Struck off during the financial year ^ Deconsolidated from 21 March 2024 onwards due to loss of control on the subsidiary upon initiation of winding-up proceedings 157 DESTINI BERHAD ANNUAL REPORT 2024
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