Seamec has acquired one equity shares of its wholly owned subsidiary -- Seamec International FZE - for United Arab Emirates Dirham (AED) 1,000,000. The requisite formalities in this regard have been duly complied.
Accordingly, the revised issued, subscribed and paid-up capital of WOS shall be AED 3,000,000 divided into 3 equity shares of AED 1,000,000 each, subscribed entirely by the company.
Seamec is engaged in the business of operating multi-support vessels for diving and for providing underwater/sub-sea engineering services, deep sea diving, and inspection of underwater structures, repairs and maintenance of offshore platform fire-fighting services and rescue operations.