Registration No. 200301030845 (633265-K) - 89 - 6. Investment in Subsidiaries (Cont’d) (e) Strike off subsidiaries During the financial period Below mentioned subsidiaries were struck off from the register of the Companies Commission of Malaysia with publication of the Gazette pursuant to Section 551(3) of the Companies Act 2016: (i) Vanguard Marine Engine Pte. Ltd., a 100% owned subsidiary of Vanguard Pte. Ltd. was struck off on 16 November 2023. (ii) TF Corp Saudi Arabia Co. Ltd., a 100% owned subsidiary of TF Corp Pte. Ltd. was struck off on 28 February 2024. (iii) Destini Upstream Sdn. Bhd., a 100% owned subsidiary of Destini Energy Sdn. Bhd. was struck off on 12 March 2024. (iv) Destini Alpha ESS Sdn. Bhd., a 100% owned subsidiary of Destini Energy Sdn. Bhd. was struck off on 20 March 2024. (v) Land Auto Technology Sdn. Bhd., a 100% owned subsidiary of the Company was struck off on 20 March 2024. (vi) Destini Venture Sdn. Bhd., a 100% owned subsidiary of the Company was struck off on 20 March 2024. (vii) DB Precision Sdn. Bhd., a 100% owned subsidiary of Destini Prima Sdn. Bhd. was struck off on 20 March 2024. (viii) DLP Rail Sdn. Bhd., a 100% owned subsidiary of Destini Rail Sdn. Bhd. was struck off on 20 March 2024. (ix) Satang-ICS Global Sdn. Bhd., a 51% owned subsidiary of Destini Prima Sdn. Bhd. was struck off 29 March 2024. (x) DB Communication Sdn. Bhd., a 100% owned subsidiary of Destini Prima Sdn. Bhd. was struck off 3 May 2024. (xi) Destini Aero Teknologi Sdn. Bhd., a 100% owned subsidiary of the Company was struck off on 3 May 2024. (xii) Vanguard Offshore Pte. Ltd., a 100% owned subsidiary of Vanguard Pte. Ltd. was struck off on 6 May 2024. (xiii) Destini First Sdn. Bhd., a 100% owned subsidiary of the Company was struck off on 26 July 2024. (xiv) Destini Empire Properties Sdn. Bhd., a 100% owned subsidiary of the Company was struck off on 19 August 2024. NOTES TO THE FINANCIAL STATEMENTS 166 DESTINI BERHAD ANNUAL REPORT 2024
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