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    Mermaid Maritime implements new subsidiary

    Company News // September 24, 2014

    Mermaid Maritime Public Company Limited has established a 100 per cent owned indirect subsidiary company, Mermaid International Ventures (MIV), through its 100 per cent owned subsidiary, Mermaid Maritime Mauritius Ltd.

    MIV was incorporated in the Cayman Islands with an initial paid-up capital of US$100 which is divided into 100 ordinary shares of US$1 each. The main activity of MIV will be investment holding.

     

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