Otto Marine incorporates its wholly-owned subsidiary

Otto Marine Limited (the “Company”) announced that its 90%-owned subsidiary, Go Marine Group Pty Ltd., on April 21 incorporated a wholly-owned subsidiary, Singapore-based Go Offshore International Private Limited, engaged in chartering of vessels, the Company said in a press release. Paid up share capital - US$1
 
The investment in the above subsidiary is funded through internal resources, OM said 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 2014.