WITH regard to the article titled “Olympia sells stake in Singapore travel company” published on Oct 6, we would like to clarify that it is Olympia Travels & Tours (Singapore) Pte Ltd (OTTS) and not Olympia Ventures Sdn Bhd (OVSB) which is to obtain credit facilities as substitute for the fixed deposits of S$1.75 million (RM5.44 million), which is to be transferred to OVSB, and not as stated in the article.

OTTS will service the loan thereafter.

The error is regretted.