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Change of Group Structure: Incorporation Of New Subsidiaries

BackAug 25, 2010
Date Announced
:
25/08/2010  




Type
:
Announcement
Subject
:
CHANGE OF GROUP STRUCTURE: INCORPORATION OF NEW SUBSIDIARIES

Contents
:
Please refer to Announcement Details below.

Announcement Details :


The Board of Directors of Sealink International Berhad (“SEALINK”) is pleased to announce that its wholly owned subsidiary, Sealink Offshore (L) Ltd has duly incorporated two (2) wholly owned subsidiaries.


The particulars of the new subsidiaries are as follows:-


(a) Company Name : Sealink Antarabangsa Ltd
 

    Company No. : LL07806
    Date of Incorporation : 24 August 2010
    Sole Shareholder :
    Sealink Offshore (L) Ltd.
    Paid-up capital : USD1.00 comprising one(1) ordinary shares of USD1.00 each
    Registered address :
    Lot A020, Level 1, Podium Level, Financial Park, Jalan
    Merdeka, 87000 Labuan F.T., Malaysia
    Principal activities : Investment holding, ship owning and general trading

(b) Company Name :
Perkasa Asia Corporation Ltd  
    Company No. : LL07807
    Date of Incorporation : 24 August 2010
    Sole Shareholder :
    Sealink Offshore (L) Ltd.
    Paid-up capital : USD1.00 comprising one(1) ordinary shares of USD1.00 each
    Registered address :
    Lot A020, Level 1, Podium Level, Financial Park, Jalan
    Merdeka, 87000 Labuan F.T., Malaysia
    Principal activities : Investment holding, ship owning and general trading
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 25 August 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 the major provider 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.