Otto Marine Limited incorporates Go Marine Ship Management
The Board of Directors of Otto Marine Limited announces that its ninety percent (90%) owned subsidiary, Go Marine Ship Management (M) Sdn. Bhd., has incorporated a wholly-owned subsidiary, said in the company's press release.
The investment in the above subsidiary is funded through internal resources and is not expected to have any material financial impact on the consolidated net tangible assets per share or consolidated earnings per share of the company and the group for the current financial year ending 31 December 2013.
