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Tat Hong drops spin-off plans on Taiwan bourse
On back of the murky global economic environment.
Tat Hong has informed Taiwan Stock exchange that it will not be listing the shares of its 82% owned subsidiary, Tat Hong Equipment Service, in the bourse.
According to a report by OCBC, the company believes that the current global economic environment as well as weak and volatile global equity markets are 'not conducive' for the listing.
“Tat Hong may or may not seek a listing of THES on TWSE or other stock exchange in the future,” the report noted.
Meanwhile, OCBC added that discussions are still on-going regarding a potential transaction that may or may not lead to an acquisition of the issued share capital of the company.
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