OTHERS SAPURAKENCANA PETROLEUM BERHAD INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY IN HONG KONG
SAPURAKENCANA PETROLEUM BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | SAPURAKENCANA PETROLEUM BERHAD INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY IN HONG KONG |
INTRODUCTION The Board of Directors of SapuraKencana Petroleum Berhad (the “Company” or “SKPB”) wishes to announce that SapuraKencana Drilling (Bermuda) Ltd (“SKD”), a wholly-owned subsidiary of SKPB had on 27 December 2013 incorporated a wholly-owned subsidiary in Hong Kong known as SapuraKencana Drilling Holdings Limited (“SKD Holdings”). The share capital of SKD Holdings consists of 10,000 shares of a par value of HKD1.00 each. SKD Holdings will be utilised in furtherance to the future strategic plans of the Company. FINANCIAL EFFECTS The incorporation of SKD Holdings is not expected to have any material effect on SKPB group’s earnings and net assets for the financial year ending 31 January 2014.
None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above incorporation. This announcement is dated 2 January 2014.
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Announcement Info
Company Name | SAPURAKENCANA PETROLEUM BERHAD |
Stock Name | SKPETRO |
Date Announced | 2 Jan 2014 |
Category | General Announcement |
Reference No | SP-131224-61909 |