Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Bumi Armada Berhad ( Bumi Armada or the "Company") wishes to announce that its wholly-owned subsidiary, Bumi Armada Offshore Holdings Limited, has on 3 March 2015 incorporated a wholly-owned subsidiary in the Republic of The Marshall Islands under the name of Armada Madura EPC Limited ( Armada Madura ).
The authorised capital of Armada Madura is USD50,000 comprising 50,000 shares of USD1.00 each, of which 10 shares have been issued upon incorporation. The intended principal business activities of Armada Madura are ship owners, charterers, managers of ships and vessels, marine support and other services to offshore oil and gas companies.
The incorporation of Armada Madura is not expected to have any material impact on the earnings or net assets of the Bumi Armada Group for the financial year ending 31 December 2015.
None of the Directors and/or major shareholders of Bumi Armada and persons connected to them have any interest, direct or indirect, in the said incorporation.
This announcement is dated 3 March 2015.