CORPORATE DIARY 2012 MARCH Destini acquired a 50% stake in automotive supply and service company System Enhancement Resources & Technologies Sdn. Bhd. (“SERT”). AUGUST The suspension of trading in Destini’s shares was uplifted by Bursa Securities on 13 August after its regularisation plan was approved. DECEMBER Destini acquired a 51% stake in Singapore-based Vanguard Composite Engineering Pte Ltd (currently known as Vanguarde Pte Ltd), a company that manufactures lifeboats, fast rescue boats, davit systems and a host of other safety equipment for the marine and oil and gas industries. 2013 APRIL • Destini acquired Techno Fibre Group to wholly own Techno Fibre Australia Pte. Ltd., Techno Fibre Middle East Marine Services FZE, Technofibre International Sdn. Bhd. (currently known as Techno Fibre (M) Sdn. Bhd.), and Techno Fibre (S) Pte. Ltd. The Techno Fibre Group is in the business of lifeboat and davit maintenance. • After completing its regularisation plan and achieving profits for two consecutive quarters, Destini was uplifted from PN17 status. AUGUST The Group acquired its own building in Glenmarie Industrial Park, Shah Alam, to house its corporate office and workshop facility. 2014 APRIL Completed the purchase of oil and gas service provider Samudra Oil Services Sdn. Bhd., currently known as Destini Oil Services Sdn. Bhd. (“DOS”). 1991 MARCH Satang Jaya Sdn. Bhd. (“Satang Jaya”) commenced operations as an aviation tools and spare parts supplier. 1998 MAY Satang Jaya was awarded the contract to provide maintenance, repair and overhaul (“MRO”) services on the Royal Malaysian Air Force’s (“RMAF”) safety and survival equipment under the Ministry of Defence Malaysia’s (“MINDEF”) RMAF Contractorisation Programme. 2005 MARCH Satang Jaya entered Bursa Malaysia Securities Berhad (“Bursa Securities”), under the name Satang Jaya Holdings Berhad and subsequently changed its name to Satang Holdings Berhad (“Satang Holdings”) in April 2007. 2008 MAY Satang Holdings triggered the prescribed criteria pursuant to Practice Note 17 (“PN17”) of the Main Market Listing Requirements (“Listing Requirements”) of Bursa Securities. 2009 JULY Satang Holdings shares were suspended from trading by Bursa Securities on 13 July 2009. 2011 SEPTEMBER As part of its regularisation plan, Satang Holdings changed its name to Destini Berhad to reflect a synergised and aligned business direction. The name change is also part of a turnaround plan for the Group to strengthen its financial muscles while exploring new business ventures. OVERVIEW DESTINI BERHAD 07 ANNUAL REPORT 2026
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