04.05.2017

Tat Hong takes 100% of Vietnamese subsidiary

Singapore based Tat Hong has acquired the outstanding 30 percent holding in Tat Hong Vietnam that it did not already own, from Sit Kam Kuen, for a nominal consideration of a Singapore dollar giving the group 100 percent of the equity.

Tat Hong Vietnam provides crane rental and the distribution of heavy equipment in Vietnam. The move is part of the group’s strategy to concentrate on its core business of crane rental and to rationalise its shareholdings in its subsidiaries.