Ocean Sky International Limited announced that the company has incorporated a new wholly-owned subsidiary in Singapore known as Ocean Sky Properties Pte Ltd. The Group has also incorporated a new wholly-owned indirect subsidiary in Singapore known as Ang Tong Seng Trading Pte Ltd. Both OSP and ATST are incorporated with an issued and paid-up capital of SGD 1.00 comprising 1 ordinary share respectively. The principal activity of: 1) OSP is that of investment holding; and 2) ATST is that of wholesale and leasing of construction-related machinery, equipment, materials and supplies. The Group intends to use OSP as the holding company for its Singapore property-related subsidiaries, namely Atlantic Sky Investment Pte Ltd, Arctic Sky Investment Pte Ltd. and Pacific Sky Investment Pte Ltd. The incorporation of OSP and ATST are funded through internal resources and are not expected to have any material impact on the net tangible assets and earnings per share of the Group for the financial year ending 31 December 2018. None of the directors or controlling shareholders of the company has any interest, directly or indirectly, in the incorporation of both OSP and ATST.