KUALA LUMPUR (Yosefardi) – Shin Yang Shipping Corporation Berhad (SYSCORP), through its wholly-owned subsidiary Shin Yang Shipping Sdn Bhd, had on 24 September 2013 incorporated a 99.50% owned subsidiary company in Indonesia under the Law of the Republic of Indonesia, namely PT. Shinline (PT. SL).
The authorized and issued and paid-up share capital of PT.SL is USD 500,000.00 divided into 500,000 ordinary shares of USD 1.00 each of which 500,000 ordinary shares of USD 1.00 each have been issued.
The principal activity of PT. SL is investment holding and also to provide management consultancy services.