T.S. Lines Limited (2510) has confirmed the disposal of a vessel in a connected transaction originally announced on January 22, 2026. The vessel’s unaudited revenue at the Group level reached approximately US$17.184 million and US$14.435 million for the two years ended December 31, 2024 and 2025, respectively. According to the Vendor’s figures, net profit before and after tax attributable to the vessel amounted to US$1.667 million for the year ended December 31, 2024, and US$3.304 million for the year ended December 31, 2025.
The proceeds from this disposal are slated for general working capital purposes as indicated in the announcement.