Registration No. 200301030845 (633265-K) - 91 - 8. Investment in Joint Ventures (Cont’d) (a) Disposal of joint ventures During the financial year On 1 November 2022, Destini Aviation Sdn. Bhd., a subsidiary company of the Company has disposed of 450,000 ordinary shares in Destini Avia Tecnique Sdn. Bhd. ("DATSB"), an indirect joint venture of the Company, representing 45% equity interest in DATSB to Avia Technique Limited. for a cash consideration of RM2,975,000. 9. Investment in Securities 2022 2021 2022 2021 RM RM RM RM FVTPL Quoted securities at fair value - Quoted shares in Malaysia 130,000 180,000 130,000 180,000 Unquoted securities at cost - Unquoted shares in Malaysia 50,000 - - - Less: Accumulated impairment loss (49,999) - - - 1 - - - 130,001 180,000 130,000 180,000 Group Company The quoted securities measured at fair value recurring basis and classified as level 1 of the fair value hierarchy by reference to quoted price at active market. 169 ANNUAL REPORT 2022 DESTINI BERHAD
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