OTHERS HANDAL RESOURCES BERHAD - Incorporation of New Wholly-Owned Subsidiary Company

HANDAL RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description
HANDAL RESOURCES BERHAD
- Incorporation of New Wholly-Owned Subsidiary Company

The Board of Directors of Handal Resources Berhad (“Handal” or “the Company”) is pleased to announce that the Company, had on 19 October 2018 incorporated a new wholly-owned subsidiary company with the name “HANDAL TECHNOLOGIES SDN. BHD. ”(“HTSB”) with the initial issued share capital of RM1.00 only.

HTSB is currently dormant and the intended principal activity of HTSB is to engage in the business of developing and providing new technologies and innovative solutions for the oil and gas industry.

The incorporation of HTSB is not expected to have any material effects on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholdings of Handal for the financial year ending 31 December 2018.

None of the Directors and major shareholders or persons connected to the Directors or major shareholders of the Company has any interests, direct or indirect, in the incorporation of HTSB.

This announcement is dated 19 October 2018.

 






Announcement Info

Company Name HANDAL RESOURCES BERHAD
Stock Name HANDAL
Date Announced 19 Oct 2018
Category General Announcement for PLC
Reference Number GA1-19102018-00062