General Announcement for PLC

21/07/2020

OTHERS BUMI ARMADA BERHAD - DISSOLUTION OF INACTIVE SUBSIDIARY

BUMI ARMADA BERHAD

Type Announcement
Subject OTHERS
Description
BUMI ARMADA BERHAD - DISSOLUTION OF INACTIVE SUBSIDIARY

Bumi Armada Berhad (“BAB”) wishes to announce that its inactive subsidiary, Armada Floating Solutions Limited (“AFSL”) was dissolved on 17 July 2020 upon issuance of the Certificate of Dissolution by the Registrar of Corporate Affairs of the British Virgin Islands (“BVI”).

 

AFSL was incorporated on 10 May 2007 in BVI and is a wholly-owned subsidiary of BAB.

 

The issued capital of AFSL is USD10,000 comprising shares of USD1.00 each.

 

AFSL was principally involved in asset ownership and has been inactive since 2018.

 

The dissolution of AFSL is in line with the BAB Group’s streamlining exercise and is not expected to have any material impact on the earnings or net assets of BAB Group for the financial year ending 31 December 2020.

 

None of the Directors or Major Shareholders of BAB or persons connected to them have any interest, direct or indirect, in the dissolution of AFSL.

 

This announcement is dated 21 July 2020.






Announcement Info

Company Name BUMI ARMADA BERHAD
Stock Name ARMADA
Date Announced 21 Jul 2020
Category General Announcement for PLC
Reference Number GA1-21072020-00047