Registration No. 200301030845 (633265-K) - 77 - 6. Investment in Subsidiaries (Cont’d) Details of the subsidiaries are as follows: (Cont’d) Place of Business Name of company 2022 2021 Principal activities % % Effective / Country of equity interest Incorporation Held through Destini Armada Sdn. Bhd.: Destini Shipbuilding 100 100 Manufacturer of And Engineering paramilitary boats and Sdn. Bhd. vessels and provides ship repair and marine related engineering services Armada Delmar 100 100 Lifeboat and davit Sdn. Bhd. 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 Energy Sdn. Bhd. Destini Upstream 100 100 Dormant Sdn. Bhd. Hijau Baiduri 100 100 Investment holding and Sdn. Bhd. general trading Destini Alpha ESS Sdn. Bhd. * 100 - Dormant Destini ESS Sdn. Bhd. * 70 - Dormant Malaysia Malaysia Malaysia Malaysia Malaysia Malaysia 155 ANNUAL REPORT 2022 DESTINI BERHAD
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