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TAS Offshore Berhad through its wholly-owned subsidiary has secured shipbuilding contracts for three units of tugboats with a total value of approximately RM22.6 million.
The shipbuilder said the contracts were signed with an existing customer from Indonesia with the vessels expected to be delivered in the third quarter of 2025.
Overall the revenue generated from the contract is expected to contribute positively to the earnings and net assets of TAS Group for the financial year ending 31 May 2026.
