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Tat Hong

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Related News

Tat Hong offer closes with offeror controlling 93.62% stake

07 Jun 2018 09:00

By Wong Kai Yi

OFFERING vehicle THSC Investments has received valid acceptances of some 705.14 million shares, representing around 93.62 per cent of Tat Hong's total issued shares, as at the close of the offer for the crane supplier.

In addition, THSC and its concert parties hold some 726.95 million shares, around 96.51 per cent of Tat Hong's total number of issued shares.

The offer is no longer open and any acceptances received after 5.30pm on June 4 will be rejected, said OCBC Bank on behalf of THSC Investments.

THSC, which comprises the crane supplier's chief executive Roland Ng and Standard Chartered's private equity arm, intends to exercise its rights of compulsory acquisition to acquire all of the dissenting shareholders' shares at S$0.55 a share, with a view to delisting the company thereafter.

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Source: Business Times

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