Tat Hong’s wholly-owned subsidiary Tat Hong China Equipment (China) Pte Ltd owns 25% of the new venture, while its subsidiary Beijing Tat Hong Zhaomao Equipment Rental Co. Ltd owns 45%.
Tat Hong has started the JV with Chinese tower crane rental firm Guangzhou Hailin Resources Co. Ltd. Guangzhou Hailin’s founder and major shareholder Yuan Zheng will contribute tower cranes and finance leases related to the tower cranes of Guangzhou Hailin for a 30% stake in Si Chuan.
