Tat Hong Holdings will prioritize crane fleet, infra expansions: OCBC

Net proceeds from new shares placement may also go to oil & gas.

In its Market Pulse comments, OCBC noted that Tat Hong Holdings (Tat Hong) announced the placement of 70m new ordinary shares at S$1.20 per share, or a discount of 8% to yesterday’s closing price (S$1.30).

"Assuming the 70m placement shares are allotted and issued, Tat Hong’s share capital will be enlarged by 13.9%. The net proceeds of S$82m will be used to increase the group’s crane fleet and expand the group’s participation in infrastructure and oil & gas projects in the Asia-Pacific region," OCBC said. 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!