CORPORATE DIARY AUGUST Destini acquired a 50% stake in Detrac Sdn. Bhd. (currently known as Destini Mobility Sdn. Bhd.) to become the research and development arm of the Group. Subsequently, the Group increased its shareholding in Detrac to 70% in November 2014. 2015 JUNE • Destini acquired an 80% stake in Safeair Technical Sdn. Bhd. (“SAT”), a company that provides Line Maintenance services for commercial airlines in local airports. • Destini Aviation Sdn. Bhd. (“DASB”) entered into a joint venture agreement with UK-based Avia Technique Limited to establish a new joint venture company called Destini Avia Technique Sdn. Bhd. (“DAT”), currently known as Avia Technique Asia Sdn. Bhd. DAT was incorporated to carry on the provision of inspection, repair and overhaul services for commercial aircraft components. NOVEMBER Destini acquired the remaining 49% stake in Vanguarde, making the lifeboat maker a wholly-owned subsidiary of the Group. DECEMBER The Group acquired Destini Shipbuilding and Engineering Sdn. Bhd. (“DSBE”) to enable it to fabricate six 44.25-meter New Generation Patrol Craft worth RM381.30 million for the Malaysian Maritime Enforcement Agency (“MMEA”). 2016 MARCH Vanguarde received a contract to supply eight Self- Propelled Hyperbaric Lifeboats to UK-based JFD. JUNE SERT accepted its first rail-related award from the Ministry of Transport for the design, manufacture, supply, delivery, testing and commissioning of a new motor trolley and road rail vehicle for Keretapi Tanah Melayu Berhad (“KTMB”) worth RM62 million. SEPTEMBER TF Corp Pte. Ltd. subscribed 60% shares in IMES Marine Safety Systems Limited, the company currently known as Destini Marine Safety Solutions Ltd. The company is principally in the business of inspection, testing, repair and maintenance of marine safety systems such as lifeboats and its components. OCTOBER Destini entered into a Joint Venture Agreement with TH Heavy Engineering Berhad (“THHE”) to establish an unincorporated joint venture to procure the award for the supply, delivery, testing and commissioning of three 80-meter Offshore Patrol Vessels (“OPV”) for the MMEA. NOVEMBER DSBE and THHE’s wholly-owned subsidiary THHE Fabricators Sdn. Bhd., formed a joint venture company, Gigih Integrasi Sdn. Bhd., to undertake the fabrication of the three OPVs. Gigih Integrasi Sdn. Bhd. is now known as THHE Destini Sdn. Bhd. DECEMBER The Group secured a three-year contract extension to provide MRO services and to supply safety and survival-related equipment to the RMAF for RM98.20 million. 2017 JANUARY THHE Destini Sdn. Bhd., a 51:49 joint venture company between THHE and Destini secured a contract worth RM738.9 million for the supply, delivery, testing and commissioning of three OPVs for the MMEA. FEBRUARY Destini acquired a 70% stake in safety and security equipment company, Halaman Optima Sdn. Bhd., for RM5.5 million to enable the Group to supply six multipurpose armed reconnaissance helicopters worth RM321.9 million to Royal Malaysian Army. JUNE DASB entered into a Joint Venture and Shareholders Agreement with Sapura Aero Sdn. Bhd. to incorporate a Joint venture company that is to be in the business of rotary wing and fixed aircraft sale, supply and provision of MRO in relation to aircraft and helicopters and the provision of programmes such as wet leasing and dry leasing of aircraft. OVERVIEW DESTINI BERHAD 08 ANNUAL REPORT 2026
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