Lancer Container Lines incorporates wholly-owned subsidiary in Dubai
Lancer Container Lines Ltd has informed that the Company has incorporated a Wholly Owned Subsidiary Company named LANCIA SHIPPING L.L.C in Emirate of Dubai on October 24, 2021.
LANCIA SHIPPING L.L.C has an authorized Capital of DHS 200000 and the turnover is nil as the entity is yet to commence business operations.
Abdul Khalik Chataiwala is the Promoter of Lancer Container lines Limited holds the position of Manager in LANCIA SHIPPING L.L.C.
According to the regulatory filing, the objective of the entity is Sea Shipping Lines Agent, NVOCC, Freight Forwarding, which shall include carrying on all activities as are related or ancillary thereto upon approval of the Department of Economic Development.
The business of a Wholly owned subsidiary is in line with the main line of business of the Company.