Passenger transportation company JSC „Liepājas autobusu parks” informs (NASDAQ:LAP1R) about establishing a daughter company „LAP serviss” SIA in Liepaja, Latvia. The company is fully owned by JSC „Liepājas autobusu parks”. „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 „LAP serviss” SIA will be to ensure effective real estate management.