ALAM

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OTHERS INCORPORATION OF WHOLLY OWNED SUBSIDIARY BY ALAM MARITIM RESOURCES BERHAD'S SUBSIDIARY, ALAM MARITIM (M) SDN BHD

ALAM MARITIM RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description
INCORPORATION OF WHOLLY OWNED SUBSIDIARY BY ALAM MARITIM RESOURCES BERHAD'S SUBSIDIARY, ALAM MARITIM (M) SDN BHD

1. INTRODUCTION

That ALAM MARITIM RESOURCES BERHAD (“AMRB” or “the Company”) wishes to announce that its subsidiary Alam Maritim (M) Sdn Bhd (“AMSB”) has incorporated a new wholly owned subsidiary under the Companies Act 2016 known as ATLAS MARINE SDN BHD, Registration No. 202201031354 (1477051­A) (“ATLAS”) on 24 August 2022 (“the Incorporation”).

2. INFORMATION ON THE INCORPORATION

(i) The paid-up capital of ATLAS is RM50,000.00 made up of 50,000 Ordinary Shares at a price of RM1.00 each per share. The 50,000 Ordinary Shares are wholly held by AMSB.

(ii) The intended principal business activities of ATLAS are ship­owning, managing, chartering and other shipping-related activities.

3. FINANCIAL EFFECTS OF THE INCORPORATION

The incorporation will not have any material effect on the earnings per share, net assets per share, gearing and substantial shareholders’ shareholdings of AMRB and its subsidiaries for the financial year ending 30 June 2022.

4. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS

None of the directors and/or major shareholders of AMRB and/or persons connected with them have any interest, whether direct or indirect, in the Incorporation.

5. STATEMENT BY THE BOARD OF DIRECTORS

The Board of Directors of AMRB is of the opinion that the incorporation is in the best interest of the Company.

This announcement is dated 2 September 2022.






Announcement Info

Company Name ALAM MARITIM RESOURCES BERHAD
Stock Name ALAM
Date Announced 02 Sep 2022
Category General Announcement for PLC
Reference Number GA1-02092022-00025