The Board of Directors of MISC wishes to announce that, Eaglestar Marine Holdings (L) Pte. Ltd., a wholly-owned subsidiary of MISC has incorporated Eaglestar Marine (S) Pte. Ltd. (“EMS”) in Singapore as its wholly-owned subsidiary. The principal activity of EMS is support services for the Eaglestar Group and the initial issued and paid-up capital is SGD10 divided into 10 ordinary shares. The issued and paid-up share capital will be increased to meet EMS’ working capital requirements.
None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the incorporation of EMS.
This announcement is dated 23rd May 2017.