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Tat Hong confirms StanChart arm's offer price of S$0.50 a share
It was responding to report that latter is eyeing 29% stake in crane supplier
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Annabeth Leow
Published Fri, Nov 10, 2017 · 09:50 PM
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Singapore
MAINBOARD-LISTED Tat Hong Holdings Ltd yesterday confirmed that lender Standard Chartered's private equity arm has made a non-binding proposal to pick up its shares, with an offer price of S$0.50 a share.
Its statement on the Singapore Exchange website came in response to a Bloomberg article reporting that Standard Chartered Private Equity (Singapore) Pte Ltd is weighing a 29 per cent stake in the crane supplier.
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