09.11.2015

Tat Hong tower crane float

Singapore based crane and equipment company Tat Hong is holding an Extraordinary General Meeting later this month to seek shareholder approval for the flotation of its Chinese based tower crane rental business -Tat Hong Equipment Service Co., Ltd.

The company first mooted the idea of selling a stake in the business just over a year ago, See Tat Hong may float Chinese tower crane business , and is now asking shareholders to give the group’s directors the power to issue 38,189,000 new shares in an Initial Public Offering.

The group currently holds almost 82 percent of the equity. The new shares will represent a holding of just over 35 percent of the increased equity, and will leave Tat-Hong with around 52 percent of the company.

The meeting will be held at 11 Eunos Road 8, Level 2, Event Hall 2-2, Lifelong Learning Institute, Singapore 408601 on 25 November 2015 at 10.00 a.m.