OTHERS HANDAL RESOURCES BERHAD - Incorporation of New Wholly-Owned Subsidiary in United States

HANDAL RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description
HANDAL RESOURCES BERHAD
- Incorporation of New Wholly-Owned Subsidiary in United States

The Board of Directors of Handal Resources Berhad (“Handal” or “the Company”) is pleased to announce that Handal Offshore Services Sdn. Bhd., a wholly-owned subsidiary of the Company, had on 14 February 2019 incorporated a new wholly-owned subsidiary company in the United States with the name “HANDAL ENERGY, LLC” (“Handal Energy”).

 

The intended principal activity of Handal Energy is to explore for potential business opportunities in the region and to provide technical and logistical support for our existing businesses.

 

The incorporation of Handal Energy 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 period ending 30 June 2019.

 

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 Handal Energy.

 

This announcement is dated 15 February 2019.






Announcement Info

Company Name HANDAL RESOURCES BERHAD
Stock Name HANDAL
Date Announced 15 Feb 2019
Category General Announcement for PLC
Reference Number GA1-15022019-00076