TAS Offshore Bhd has announced that deputy managing director Lau Choo Chin will succeed his father, founder Datuk Lau Nai Hoh, as managing director following his resignation effective April 30 due to health reasons.
In a Bursa Malaysia filing, the group said Lau Nai Hoh, 75, will step down after serving as managing director since 2008. He remains the company’s largest shareholder with a 31.68% direct stake, although he has recently transferred part of his shares to his daughter.
Lau Choo Chin currently serves as deputy managing director and has more than 28 years of experience in shipbuilding and project management, particularly in the oil and gas sector.
He also holds a 7.84% direct stake in the company, while his brother, executive director Lau Choo Kuang, owns 7.62%.
In a separate announcement, TAS Offshore reported stronger earnings for the third quarter ended May 31, 2026, with net profit rising to RM2.95 million from RM205,000 a year earlier, supported by higher vessel deliveries.
Revenue for the quarter increased 22.7% to RM24.14 million, while nine-month net profit grew 24.6% to RM19.41 million.
Looking ahead, the group said Indonesia remains its key market, driven by strong demand from the mining, maritime trade, and port development sectors.
