Tat Hong at 11-mth high
Group unveils potential transaction relating to its shares but says talks are preliminary
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
Hong Kong bourse regains favour on hopes of a market revival