The Board of Directors of TASCO Berhad (“Company”) wishes to announce that the wholly-owned subsidiary of the Company, TASCO Yusen Gold Cold Sdn Bhd has on 26 March 2019 incorporated a wholly-owned subsidiary, Gold Cold Solutions Sdn Bhd (Company No. 1319698-H) (“GCS”), with a total issued and paid-up capital of RM10.00 which consists of 10 ordinary shares. 

The principal activities of GCS is to carry on the business of providing logistics services, transportation, warehousing distribution and marketing of goods and to provide storage, warehouses, cold storage and carrier of goods of every description.

The incorporation of GCS will not have material effect on the earnings per share, net assets or share capital of the Company for the financial year ending 31 March 2019.

None of the Directors or Major Shareholders or persons connected to the Directors or Major Shareholders has any interest, direct or indirect, in the aforesaid incorporation.

This announcement is dated 28 March 2019.