The Board of Directors of TAS Offshore Berhad is pleased to announce that its wholly-owned subsidiary has secured contracts for the sale of five units of Garbage Collection Craft and two units of Flotsam Retrieval Craft with value of approximately RM19.6 million.

The vessels were sold to one of our foreign customers. These vessels are expected to be delivered by end of Year 2020.

The revenue generated from the contract is expected to contribute positively to the earnings and net assets of TAS Group for financial year ending 31 May 2021.

None of the Directors and/or major shareholders of TAS Offshore Berhad or persons connected to them have any interest, direct or indirect, in the above contracts.

This annoncements is dated 18 March 2020.