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Bumi Armada Berhad Announces Cessation Of Subsidiary

Tuesday, 26 Mar 2013 05:41am EDT 

Bumi Armada Berhad announced that in relation to the cessation of a subsidiary pursuant to the Conditional Sale and Purchase Agreement (SPA) entered into by subsidiary, Bumi Armada Automation International Sdn Bhd (Bumi Armada Automation) with Dyna-Mac Holdings Ltd on November 20, 2012 for the disposal of Bumi Armada Automation's entire 100% equity interest in Haven Automation Industries (S) Pte Ltd (Haven) (the Disposal). Bumi Armada announced that the Disposal has been completed on March 26, 2013 and accordingly, Haven has ceased as a wholly owned subsidiary of Bumi Armada.