OTHERS SAPURAKENCANA PETROLEUM BERHAD ACQUISITIONS AND INCORPORATION OF NEW SUBSIDIARIES
SAPURAKENCANA PETROLEUM BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | SAPURAKENCANA PETROLEUM BERHAD ACQUISITIONS AND INCORPORATION OF NEW SUBSIDIARIES |
INTRODUCTION The Board of Directors of SapuraKencana Petroleum Berhad (“SKPB” or “Company”) (“Board”) wishes to announce that the Company had on the following dates acquired/incorporated new wholly-owned subsidiaries: A) SAPURAKENCANA ENERGY SDN BHD (“SK Energy”) B) SAPURAKENCANA ENERGY INC. (“SK Energy Inc.”) C) SAPURAKENCANA ENERGY RESOURCES LTD (“SK Energy Resources”) SK Energy, SK Energy Inc and SK Energy Resources will be utilised in furtherance to the future strategic plans of the Company.
The setting-up of SK Energy, SK Energy Inc. and SK Energy Resources are 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 acquisitions and incorporation. This announcement is dated 23 January 2014. |
Announcement Info
Company Name | SAPURAKENCANA PETROLEUM BERHAD |
Stock Name | SKPETRO |
Date Announced | 23 Jan 2014 |
Category | General Announcement |
Reference No | SP-140123-60416 |