Tat Hong at 11-mth high

Singapore

Shares of crane rental company Tat Hong Holdings were lifted to their highest in at least 11 months on Tuesday after the group said in the morning that it was considering a potential offer to buy some of its stock.

"The company has been approached in connection with a potential transaction which may or may not lead to an acquisition of the issued share capital of the company," it said in a Singapore Exchange filing before the market's opening bell.

From Monday's close of S$0.49, the stock surged as high as S$0.675 in intra-day trading. It then eased to close at S$0.635, up 29.6 per cent or 14.5 Singapore cent…