Raised bid of S$0.55 hoists Tat Hong stock 11% to S$0.54
CEO, StanChart PE extend deadline for joint offer to May 14
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Singapore
SHARES of crane supplier Tat Hong Holdings rose 11.3 per cent to 54 Singapore cents on Thursday after bidders seeking to privatise the company raised their offer by 5 Singapore cents to 55 Singapore cents per share.
THSC Investments, the takeover vehicle controlled by Tat Hong Holdings chief executive Roland Ng and SCPE, the private equity arm of Standard Chartered, also extended the deadline for accepting the offer to May 14, 2018.
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