The Board of Directors of Sealink International Berhad (“SEALINK”) is pleased to announce that it has incorporated two (2) wholly owned subsidiaries.
The particulars of the new subsidiaries are as follows:-
(a) Company Name : Sealink Dockyard Sdn Bhd
Company No. : 886816-V
Date of Incorporation : 19 January 2010
Sole Shareholder : Sealink International Berhad
Paid-up capital : RM2.00 comprising 2 ordinary shares of RM1.00 each
Registered address : Lot 1035, Block 4, MCLD, Piasau Industrial Area
98000 Miri, Sarawak
Principal activities : Ship repair
(b) Company Name : Seabright (Singapore) Private Limited
Company No. : 201001447E
Date of Incorporation : 19 January 2010
Sole Shareholder : Sealink International Berhad
Paid-up capital : SGD10,000.00 comprising 10,000 ordinary shares of SGD1.00 each
Registered address : 545, Orchard Road #09-07, Far East Shopping Centre,
Singapore 238882
Principal activities : Ship owning, ship operating and chartering
The incorporation of the new subsidiaries are not expected to have any material effect on the earnings and shareholding structure of SEALINK.
None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the incorporation of the subsidiaries and the incorporation of the subsidiaries will not have any effect on the Directors or major shareholders’ shareholdings in SEALINK.
The Board of Directors of SEALINK is of the opinion that the incorporation of the subsidiaries is in the best interest of SEALINK.
This announcement is dated 19 January 2010.
ABOUT THE COMPANY
SEALINK is an Integrated Service Provider which builds, owns and operates a diverse fleet of offshore marine support vessels, serving mainly the global offshore oil and gas exploration and production industry. Being one of the largest tug and barge operators in Malaysia for the oil and gas industry, it is now strengthening its position to be one of the major providers for offshore marine support vessels for other niche areas in the industry.
It has a young fleet of offshore marine support vessels predominantly focused on and used in the offshore oil & gas industry. With its diverse fleet of 33 vessels, it can cater to a wide base of reputable clients in the various segments of the industry.
Presently, SEALINK owns two shipyards located in Miri, Sarawak. The two shipyards have the capacity to construct up to 17 vessels a year .
News