Sapura Energy Berhad (“SEB”) wishes to announce that the following dormant indirect wholly-owned subsidiaries and a subsidiary of SEB (the “Companies”) had ceased operations and each held their Meeting of Members on 31 January 2020, at which it was resolved that the Companies be wound-up voluntarily pursuant to: (a) Section 439(1)(b) of the Malaysian Companies Act 2016; (b) Section 290(1)(b) of the Singapore Companies Act, Cap. 50; and (c) Section 131A of the Labuan Companies Act 1990 respectively ("Voluntary Winding-Up") and that the following persons be appointed as Liquidators of the respective Companies, for the purpose of such winding-up:
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Companies
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Place of Incorporation
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Liquidators
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Sapura Infrastructure Sdn Bhd
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Malaysia
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Encik Mohammed Izad bin Ariffin of TMF Administrative Services Malaysia Sdn Bhd
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Sapura Metering Sdn Bhd
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Sapura Steelworks Sdn Bhd
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Petcon (Malaysia) Sdn Bhd
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Sapura Marine Drilling Sdn Bhd
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Sapura Marine Rig 1 Pte Ltd
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Singapore
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Ms Sophia Lim Siew Fay of TMF Singapore H Pte Ltd
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Sapura Drilling T-19 Pte Ltd
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Labuan
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By way of Alternative Procedure for Voluntary Winding-Up
(No Liquidator required)
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Sapura Drilling T-20 Pte Ltd
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SapuraKencana FLB-1 Pte Ltd
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SapuraKencana 1200 Pte Ltd
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Sapura SS Corporation
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The Companies are currently dormant and have no intention to carry on any business in future. The Voluntary Winding-Up will save cost and time to monitor and maintain the Companies on regular basis.
The Voluntary Winding-Up of the Companies will not have any material financial and operational impact on SEB Group for the financial year ended 31 January 2020.
None of the Directors and/or major shareholders of SEB or any person connected with them have any direct or indirect interest in the Voluntary Winding-Up.
This announcement is dated 4 February 2020.