Northbridge Industrial Services plc (AIM:NBI) announced on September 30, 2021 that the Group was at an advanced stage of exiting Tasman, its oil drilling rental tools division, in Malaysia and Singapore, was in exclusive discussions to sell the operations in Australia and New Zealand and was in early discussions regarding its Tasman entities in the Middle East. The exit from Malaysia and Singapore is now finalised and the exclusive discussions on the sale of the Australian and New Zealand entities are progressing. The Board hopes to be able to give a more detailed update on this disposal within the next few weeks.

Discussions on the Middle East disposal remain on hold pending the outcome of the disposal of the businesses in Australia and New Zealand.