SINGAPORE crane supplier Tat Hong could sell its Australian construction and heavy-equipment arm as it weighs its future Down Under, said group chief executive Roland Ng.

The Australian Financial Review (AFR) had reported that the group may seek at least A$800 million (S$714.02 million) for the sale of Tutt Bryant Group (TBG), based on valuations in recent transactions. 

AFR added that Tat Hong has brought in Bank of America to help facilitate the sale.