The story
In May 1998, Destini Berhad awarded long-term contract to provide MRO services for Royal Malaysian Air Force (RMAF) equipment under the RMAF Contractorization Programme introduced by MINDEF in 1998. In December 2012, Destini Berhad acquired a 51% stake in Singapore-based Vanguard Composite Engineering Pte Ltd. This marked as the first time Destini Berhad enters in marine industry.
By February 2012, Destini Berhad enters in automotive industry by acquiring a 50% stake in automotive supply, fabrication and service company System Enhancement Resources & Technologies Sdn Bhd. With this acquisition, Destini Berhad has manufactured and supplied military and commercial vehicles for various government agencies.
Destini Berhad enters in oil and gas industry in March 2013 by purchasing the Samudra Oil Services Sdn Bhd in a contract value RM80 million. This company now known as Destini Oil Services. In June 2015 Destini Berhad enters into aerospace business by acquiring an 80% stake in Safeair Technical Sdn Bhd and also formed the joint venture with UK-based Avia Technique Limited.
In November 2015, Destini Berhad subsidiary, Destini Shipbuilding and Engineering awarded a contract to build six New Generation Patrol Craft (NGPC) namely Bagan Datuk-class patrol vessel for Malaysian Maritime Enforcement Agency (MMEA). In November 2016, Destini Berhad subsidiary Halaman Optima signed a deal to supply six MD-530G light attack helicopter for Malaysian Army. In January 2017, Destini Berhad joint venture with THHE has won a contract to build three Tun Fatimah-class offshore patrol vessel for MMEA.
From Wikipedia’s article on Destini, shared under CC BY-SA 4.0.4