SEPTEMBER • M Rail Technics Sdn. Bhd. accepted a contract worth approximately RM163.61 million from the Ministry of Transport Malaysia for the provision of Level 4 MRO services of 10 Electric Train Sets operated by KTMB. • Destini ESS Sdn. Bhd., a 70% owned subsidiary of Destini Berhad, signed an exclusive distribution agreement with Alpha ESS International Pte Ltd, a Singapore-based company, to locally distribute energy storage systems for residential and commercial applications, electric vehicle energy plus storage solution, and new products developed and manufactured by Alpha ESS Group. 2023 JUNE • DPSB accepted a letter of award from MINDEF for the procurement of scheduled and unscheduled maintenance, testing, technical services (modification, training, publication and consultation) and supply of spare parts and related components, for the non-airborne equipment to the RMAF. The value of the contract is approximately RM25.44 million. • DPSB accepted a letter of award from the MINDEF for the procurement, supply and delivery of 70MM rockets (2.72 inch) to the Malaysian Army. The value of the contract is approximately RM18.75 million. JULY • DOS accepted the Service Order from Northern Gulf Petroleum Pte. Ltd. for the Provision of Conductor Hammering and Tubular Running Services to support Rossukon Project, Gulf of Thailand, located at Rossukan field, block G6/48, offshore Gulf of Thailand, Kingdom of Thailand. The value of the contract is approximately USD 488,000.00. • DPSB accepted a contract from the MINDEF for the supply of non-proprietary aircraft spare parts for the RMAF for a contract ceiling. For the contract ceiling of RM403.8 million, to be shared with 29 other contractors. The contract will expire on 30 June 2025. SEPTEMBER • DPSB accepted a letter of award from MINDEF for the procurement, supply and delivery of FZ Rocket Motor to the RMAF. The value of the contract is RM19.04 million. • Destini Energy Sdn. Bhd. entered into a non-binding Collaboration Agreement with Maxland Energy Sdn. Bhd., a wholly-owned subsidiary of Priceworth International Berhad, currently known as Maxland Berhad. The parties shall collaborate with each other to develop and embark on renewable energy projects, including installation of solar panels at Indah Water Konsortium’s sewerage treatment plants, solar power projects in Sandakan, Malaysia and Victoria, Australia, and any other renewable energy projects to be secured by the Parties. • On 15 September 2023, Destini entered into a Memorandum of Understanding with National Defence University of Malaysia to collaborate in the areas of Research and Innovation, Training and Industrial Collaboration Programme. 2024 MARCH On 13 March 2024, the Company completed the Rights Issue with Warrants following the listing and quotation of 3,327,063,258 Rights Shares and 1,663,531,629 Warrants B on the Main Market of Bursa Securities. JUNE On 12 June 2024, the Company completed the Share Consolidation following the listing of and quotation for 499,059,412 Consolidated Shares and 166,353,160 Consolidated Warrants B on the Main Market of Bursa Securities. OVERVIEW DESTINI BERHAD 11 ANNUAL REPORT 2026
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