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BackJul 18, 2013
Type Announcement
Subject OTHERS
Description INCORPORATION OF NEW SUBSIDIARIES

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

The particulars of the new subsidiaries are as follows:-

(a) Company Name : SEASTEN SDN BHD

Company No. : 1054955-A

Date of Incorporation : 18 July 2013


Sole Shareholder : Sealink International Berhad.

Paid-up capital : RM2.00 comprising two (2) ordinary shares of RM1.00 each

Registered address : Lot 1035, Block 4, MCLD, Piasau Industrial Area, 98000 Miri, Sarawak  
Principal activities : Ship owning and operator

(b) Company Name :HANVOIR (L) LTD

Company No.: LL09810
:
Date of Incorporation : 18 July 2013


Sole Shareholder : Sealink Offshore (L) Ltd (a wholly owned subsidiary of Sealink International Berhad)

Paid-up capital : USD1.00 comprising one (1) ordinary share of USD1.00

Registered address : Lot A020, Level 1, Podium Level, Financial Park, Jalan Merdeka, 87000 Labuan, F.T., Malaysia
Principal activities : Ship owner

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 this 18th day of July, 2013.

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 over 41 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.

 

Announcement Info

Company Name SEALINK INTERNATIONAL BERHAD  
Stock Name SEALINK    
Date Announced 18 Jul 2013  
Category General Announcement
Reference No CS-130718-CBE26