The Board of Directors of PETRONAS Dagangan Berhad announced that the Company had on 9 January 2019, incorporated a wholly-owned subsidiary namely Setel Ventures Sdn Bhd (Company No. 1310317-A) (SETEL) under the Companies Act, 2016 as a private company limited by shares with an issued share capital of 5,000 ordinary shares at a total cash consideration of MYR 5,000,000.00.