16.05.2016

Tat Hong acquisition approach

Singapore based crane sales and rental group Tat Hong has confirmed that the approach it received in mid March concerning a take over by an unnamed party is still ‘live’.

The company announced that it had received a preliminary approach on March 15th, but has now updated that to confirm that discussions are ongoing, but stated that there is no certainty or indication that the talks will result in a formal offer being made.

It has asked shareholders to “refrain from taking any action in respect of their shares of the company which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the company”.