Incorporation Of A New Subsidiary In Singapore, Newcruz Offshore Services Pte. Ltd.
Jan 13, 2012
The Board of Directors of Swiber Holdings Limited (the “Company”) and together with its subsidiaries (the
“Group”) wishes to announce that Newcruz International Pte. Ltd. (“NIPL”), a wholly-owned subsidiary of the
Company, has incorporated a new wholly-owned subsidiary in Singapore, known as Newcruz Offshore Services
Pte. Ltd. (“NOS”). The initial issued share capital of NOS is US$10.00.
NOS will be principally engaged in owning and chartering of vessels.
The transaction is not expected to have any material financial impact on the consolidated net tangible assets per
share and consolidated earnings per share of the Company and its Group for the current financial year ending 31
December 2012.
None of the Directors or controlling shareholders of the Company has any interest in the above transaction, save
for their interests arising by way of their shareholdings and/or directorships, as the case may be, in the Company,
NIPL and NOS.
By Order of the Board
Raymond Kim Goh
Executive Chairman
13 January 2012 |
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