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 it has on 10 April 2015 incorporated a wholly-owned subsidiary in the British Virgin Islands under the name of Bumi Armada Marine Holdings Limited (BAMHL).
The authorised capital of BAMHL is USD50,000 comprising 50,000 ordinary shares of USD1.00 each, of which 10,000 ordinary shares have been issued upon incorporation. The intended principal business activity of BAMHL is investment holding.
The incorporation of BAMHL 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 16 April 2015.