|Description||HANDAL RESOURCES BERHAD ("the Company" or "HRB")|
-Incorporation of subsidiary
On behalf of the Board of Directors of Handal Resources Berhad ("HRB"), we are pleased to announce that HRB has incorporated a wholly-owned subsidiary company, Handal E&P Sdn Bhd (Company No. 935611-U) under the Companies Act, 1965 on 9 March 2011 with an issued and paid up capital of RM2.00.
Handal E&P Sdn Bhd is incorporated to carry on any trade or business whatsoever which the company may deem profitable or which may be advantageously carried on by the company in connection with or as ancillary to the general business of the company which are in the areas of overhaul and maintenance, manufacturing or fabrication of new offshore pedestal cranes and other services such as supply of manpower and parts, operator and supply of rigs, equipments associated with production/drilling/workover services and servicing of industrial plant and equipment including consultancy services in oil and gas industries and trading in all telecommunications systems and related activities.
This announcement is dated 23 March 2011.