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Discussions still ongoing for potential share transaction in Tat Hong
TALKS concerning a transaction on shares of Tat Hong Holdings are still ongoing, the group said in a regulatory filing on Saturday night.
In a brief update to its earlier announcement on Sept 21, the supplier of cranes and heavy equipment said that there is no certainty yet on whether any transaction will result from these discussions.
It first disclosed in September that the company had been approached by certain parties in relation to a potential transaction on its shares.
The group just celebrated its 60th anniversary this month. With 5,000 employees spread across the Asia-Pacific and Australia, Tat Hong is acknowledged as the eighth largest crane and construction equipment operator and lessor in the world.
Shares of Tat Hong closed unchanged at 45 Singapore cents on Friday, after 1.85 million shares were traded.