Tat Hong raises stake in China unit with S$5.9m share purchase
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
CRANE rental company Tat Hong Holdings said on Monday it has raised its stake in its Chinese tower crane rental unit by buying 2.13 million shares for about S$5.9 million.
Tat Hong bought the entire interest held by Joyful Shine Holdings, raising its effective stake in the unit, Tat Hong Equipment Service, to 84.6 per cent.
Tat Hong said the prospects for the tower crane rental business in China remain healthy in the near to medium term.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
