SBI Offshore Ltd Announces Incorporation Of Wholly Owned Subsidiary

SBI Offshore Ltd announced that the Company had on July 4, 2011 incorporated a wholly owned subsidiary in Singapore known as HS Offshore Pte. Ltd. (HS Offshore). HS Offshore was registered with an issued and paid-up capital of SGD10.00 comprising 10 ordinary shares. The principal activity of HS Offshore is to design, manufacture and provide Original Equipment Manufacturer contract manufacturing services to major equipment manufacturers in the offshore and marine industry. The aforesaid incorporation was funded by internal resources.