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Tat Hong eyes A$800 million sale of Australian unit in review of strategic options

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Varun Karthik

Published Thu, May 18, 2023 · 03:51 PM
    • Australian media had reported that the group may seek at least A$800 million (S$713.89 million) for the sale of Tutt Bryant Group (TBG), based on valuations in recent transactions.
    • Australian media had reported that the group may seek at least A$800 million (S$713.89 million) for the sale of Tutt Bryant Group (TBG), based on valuations in recent transactions. PHOTO: BLOOMBERG

    SINGAPORE crane supplier Tat Hong could sell its Australian construction and heavy-equipment arm as it weighs its future Down Under, said group chief executive Roland Ng.

    The Australian Financial Review (AFR) had reported that the group may seek at least A$800 million (S$714.02 million) for the sale of Tutt Bryant Group (TBG), based on valuations in recent transactions. 

    AFR added that Tat Hong has brought in Bank of America to help facilitate the sale. 

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