December 30, 2011
(Singapore time)
By CARINE LEE
Ocean Sky International Limited on Friday announced that it has established two wholly-owned subsidiaries in Cambodia for a total investment of US$1.8 million.
The two companies - Nassim Apparel (KH) Pte Ltd and Leedon Apparel (KH) Pte Ltd - are principally involved in that of apparel manufacturing and related services.
The investment in the subsidiaries will be funded through internal resources and is not expected to have a material impact on the group's net tangible assets per share and earnings per share for the current financial year ending December 31, 2011.
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