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Hot stock: Tat Hong shares surge 16% after trading resumes

CRANE specialist Tat Hong Holdings, which resumed trading on Friday, gained 12.3 per cent or S$0.05 to S$0.455 as at 1.31pm.

More than 8.4 million shares changed hands during the early session, a significant jump from the three million shares traded before the trading halt was requested at 3.18pm on Thursday.

It finished the day 16 per cent higher at S$0.47; some 14.8 million shares changed hands, landing it among the top 20 most active counters on the market.

The halt was requested on Thursday following a 5 per cent jump in its share price. Tat Hong later revealed it had been approached by certain parties on a potential transaction.

"The discussions are ongoing and there is no certainty or assurance whatsoever that any transaction will arise from these discussions," Tat Hong said in a filing to the Singapore Exchange.

Tat Hong will make make further announcements as deemed appropriate, it said.

sentifi.com

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