Passenger transportation company JSC „Liepājas autobusu parks” informs (NASDAQ:LAP1R) about establishing a daughter company Ltd „LAP serviss” in Liepaja, Latvia. The company’s equity capital is Ls 668 100 and it is fully owned by JSC „Liepājas autobusu parks”, which invested in equity capital real estate – land and buildings.  Ltd „LAP serviss” was founded in order to help JSC „Liepājas autobusu parks” separate real estate management functions from the basic functions of the company, which is transportation of passengers. The main objective of Ltd „LAP serviss” will be to ensure effective real estate management.