PETALING JAYA: TAS Offshore Bhd has won shipbuilding contracts for two units of tugboat with a total value of about RM15.3mil.

The company said in a filing with Bursa Malaysia that the contracts were signed with an existing customer from Indonesia.

“These vessels are expected to be delivered in the third quarter of 2025. The revenue generated is expected to contribute positively to the earnings and net assets of TAS Group for the financial year ending May 31, 2026,” it said.