2020 APRIL DOS received a letter of award for the provision of tubular equipment and services for JX Nippon Oil & Gas Exploration (Malaysia) Limited’s drilling campaign. The tenure of the contract is for four years with a oneyear extension option. JULY • DETSB was awarded a contract from Wira Syukur (M) Sdn. Bhd. to provide mechanical and electrical systems for the commercial development of GrenePark Village in Semenyih for a sum of RM17.39 million. • DPSB was awarded a contract from MINDEF to supply non-proprietary aircrafts parts for the RMAF. It allows DPSB and 29 other local companies identified by MINDEF to participate in parcels of bidding should RMAF require any non-proprietary aircraft parts. The contract has a combined ceiling of RM121 million. DECEMBER DPSB received a letter of award from MINDEF for the extension of the existing contract to provide MRO services and the supply of safety and survival equipment for the RMAF for RM30.37 million. 2021 FEBRUARY Destini entered into a 70:30 Joint Venture and Shareholders Agreement with KTMB to enable the Group to expand its capabilities to provide heavy maintenance work on rail assets in Malaysia. AUGUST DOS secured an award from Repsol Oil and Gas Malaysia for the provision of tubular handling and conductor installation equipment and services. OCTOBER Destini inked a Memorandum of Understanding with Siemens Mobility Sdn. Bhd. for the latter to act as Destini’s Technical Assistance Advisor in providing MRO services for electrical trainset components in Malaysia. CORPORATE DIARY NOVEMBER Destini entered into a Heads of Agreement with Indonesia State-Owned PT Industry Kereta Api (“PT INKA”) to identify and pursue opportunities in the railway system business sector and infrastructure projects in Indonesia, Malaysia and the region. DECEMBER Destini secured its maiden solar project from Indah Water Konsortium Sdn. Bhd. (“IWK”) for the engineering, procurement, construction and commissioning of solar photovoltaic systems at IWK’s sewerage treatment plants across Malaysia. 2022 JANUARY • DPSB accepted a letter of award for the extension of an existing contract to provide MRO services and the supply of safety and survival equipment to RMAF for RM88 million. • DPSB accepted a letter of award to provide MRO services and the supply of component and spare parts for safety and survival equipment to the Malaysian Army’s Aviation Wing for RM0.99 million. • DSBE disposed of its 51% stake in THHE Destini, which has consequently ceased to be a joint venture company of the Group. MARCH DOS bagged a contract from EnQuest Petroleum Production Malaysia Ltd for the provision of tubular handling services off the coast of Terengganu. MAY M Rail Technics Sdn. Bhd. accepted a contract worth RM531.39 million from the Ministry of Transport Malaysia for Level 4 MRO on 35 units of Six Car Train Sets operated by KTMB for four and a half years. JUNE Destini hands over six multipurpose armed reconnaissance helicopters model MD530G to the Royal Malaysian Army after the completion of its Final Acceptance Test. These assets are manufactured by MD Helicopter Inc., a company based in the United States of America. OVERVIEW DESTINI BERHAD 10 ANNUAL REPORT 2026
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