Milestones

YEAR 2018

August 2018

Destini Oil Services Sdn Bhd received an award from POSCO Daewoo Corporation for the provision of tubular running services in Myanmar for US$5.2 million.

May 2018

Destini Oil Services Sdn Bhd was awarded a US$8 million contract to be Pakistan-based Lyallpur Oil Tool Pvt Ltd’s technical partner for tubular running services in Pakistan.

April 2018

Destini Prima Sdn Bhd accepted a an award from the Ministry of Defence Malaysia for an additional RM138 million to an existing contract to provide MRO services and the supply of safety and survival equipment for the Royal Malaysian Airforce.

April 2018

Desitni Oil Services Sdn Bhd was awarded a two-year umbrella contract by PETRONAS Carigali Sdn Bhd for the provision of well abandonment integrated services.

April 2018

Destini Engineering Technologies Sdn Bhd inked an MOU with Felcra Berhad to provide MRO services for industrial facilities and equipment for the agriculture and related industries within Malaysia and the ASEAN region.

YEAR 2017

February 2017

Destini Acquires Halaman Optima to Supply Reconnaissance Helicopters for Government

Destini acquired a 70% in safety and security equipment company Halaman Optima Sdn Bhd for RM5.5 million to enable the Group to supply six MD Helicopters Inc reconnaissance helicopters to the Ministry of Defence for the Malaysian Armed Forces.

June 2017

Destini Forms Joint Venture with Sapura Aero

Destini Aviation Sdn Bhd 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 programs such as wet leasing and dry leasing of aircraft.

November 2017

Destini Oil Services Sdn Bhd and Federal International (2000) Ltd, a company listed on the Mainboard of the Singapore Exchange, formed a joint venture to collectively bid for oil and gas projects in the South Asia and South-East Asia Region.

November 2017

Destini Armada Pte Ltd acquired 70% stake in AMS Marine Pte. Ltd, a Singapore-based company that is in the business of design, fabrication and servicing of heat exchangers, fabrication, installation and erection of piping and steelworks and non- destructive testing for the marine industry.

YEAR 2016

May 2016

Destini Sign MOU with AMMROC

Destini signed MOU with Advanced Military Maintenance, Repair and Overhaul Centre LLC (AMMROC) to provide MRO services on aircrafts, including escape systems at AMMROC’s regional state-of-the-art MRO facility in Al Ain, Abu Dhabi, UAE.

June 2016

Destini expands its land systems capabilities

Through its wholly-owned subsidiary, System Enhancement Resources & Technologies Sdn Bhd (SERT), Destini was able to bag a RM62 million contract from The Ministry of Transport to build a new trolley and road rail service for national railway operator Keretapi Tanah Melayu Bhd.

November 2016

THHE-Destini Secures RM738.9 million OPV Contract

DSBE and THHE’s wholly-owned subsidiary THHE Fabricators Sdn Bhd formed an incorporated joint venture company, THHE Destini Sdn Bhd, to undertake the fabrication of the three OPV’s for the MMEA. The RM738.9million contract was secured in January 2017.

December 2016

Destini Secures RM98.2million Contract Extension for RMAF

The Group secured a three-year contract extension to provide MRO services and to supply safety and survival related equipment to the Royal Malaysian Airforce for RM98.20 million.

YEAR 2015

June 2015

Destini enters commercial aviation

Destini expanded its commercial aviation business by acquiring a 80% stake in Safeair Technical Sdn Bhd, a company that provides Line Maintenance and Ground Handling Services for civil airlines in local airports.

The group had also 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). DAT was incorporated to carry on the provision of inspection, repair and overhaul services for civil aircraft components.

December 2015

The Group entered the shipbuilding business

The Group acquired Destini Shipbuilding & Engineering Sdn Bhd. Through the acquisition, the Group was able to fabricate six patrol vessels worth RM381.30 million for the Malaysian Maritime Enforcement Agency.

YEAR 2014

October 2014

Destini acquired a stake in Detrac Sdn Bhd for product development

Destini acquired a 50% stake in Detrac Sdn Bhd to become the product development arm of the Group. Subsequently, the Group increased its shareholding in Detrac to 70% in November 2014.

YEAR 2013

March 2013

Destini enters into the oil and gas industry

The Group entered the lucrative oil and gas scene with the purchase of oil and gas service provider Samudra Oil Services Sdn Bhd, now known as Destini Oil Services Sdn Bhd for RM80 million.

October 2013

Acquired Techno Fibre Group, expands marine business

Destini acquired the Techno FIBRE Group to wholly-own Techno FIBRE Australia Pty Ltd, Techno FIBRE Middle East Marine Services FZE, Techno FIBRE International Sdn Bhd and Techno FIBRE (S) Pte Ltd. The Techno FIBRE Group is in the business of lifeboat and davit maintenance, which complements lifeboat maker Vanguard’s businesses.

YEAR 2012

February 2012

Destini enters into the automotive industry

Expanding its scope of services, Destini acquired a 50% stake in automotive supply, fabrication and service company System Enhancement Resources & Technologies Sdn Bhd (SERT).

December 2012

Destini enters its marine capabilities

Destini expanded its marine capabilities by acquiring a 51% stake in Singapore-based Vanguard Composite Engineering 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.

YEAR 2011

September 2011

Change of company name

Satang Holdings changed its name to Destini Berhad to reflect a synergized and aligned business direction. The name change is also part of a turnaround plan for the Group to strengthen its financial muscle while exploring new business ventures.

YEAR 2005

December 2005

Entry into Bursa Malaysia

Satang Jaya entered Bursa Malaysia, under the name Satang Jaya Holdings Berhad and subsequently changed its name to Satang Holdings Berhad in June 2007.

YEAR 1998

May 1998

Selected as RMAF main MRO contractor

In recognition of Satang Jaya’s excellent performance as a key player in the defence aviation industry, the Malaysian Government awarded Satang Jaya its first major Long-Term Contract to provide MRO services for RMAF’s safety and survival equipment under the RMAF Contractorization Programme introduced by MINDEF in 1998.

YEAR 1991

March 1991

The birth of Satang Jaya

Satang Jaya Sdn Bhd (Satang Jaya) commenced operations as a supplier of aviation tools and spare parts. Since its initial years of operations, Satang Jaya has managed to secure exclusive appointments as sole agents for several Original Equipment Manufacturers (oems) and distributors within the defence aviation industry, which subsequently led to its success in making its mark at the Ministry of Defence Malaysia (MINDEF).