China arm of Tat Hong Holdings to be listed in Hong Kong

Singapore

TAT Hong Equipment Service (THES), the Chinese-arm of local crane rental company Tat Hong Holdings, on Dec 10 passed the hearing by the Hong Kong Stock Exchange's (HKSE) Listing Committee for a listing there. It expects to launch its initial public offering before the end of the year, and to commence trading in January.

Speaking to The Business Times, Roland Ng, chairman and group chief executive of Tat Hong Holdings, said the decision comes as he believes that the business is better suited for the Chinese market and investors, given that it is a "unique kind of operation in China". THES is a tower crane service provider.