Otto Marine incorporates new subsidiaries
The investment is funded through internal resources and is not expected to have any material financial impact.
The Board of Directors of Otto Marine Limited announced that its subsidiary Go Marine Group Pty Ltd has incorporated two wholly-owned subsidiaries, Go Oranda Limited and Go Marine Ship Management (S) Private Limited.
Another subsidiary of the Company, Deep Sea 1 Pte Ltd, has incorporated a wholly-owned subsidiary, Deep Sea 1 (M) Limited.
Meanwhile only Go Marine Ship Management (S) Private Limited was incorporated in Singapore.