Bumi Armada sets up US subsidiary

PETALING JAYA: Bumi Armada Bhd has formed a wholly-owned subsidiary known as Bumi Armada Americas Corp (BAAC).

In a filing with the stock exchange, Bumi Armada said BAAC, which was formed in the US on Jan 9, will be principally involved in the offshore oil and gas marine services.

It is part of the group’s business strategy to develop closer relationship with some of its key clients based in Houston.