Singapore based cranes and heavy equipment supplier Tat Hong Holdings placed 20 million new shares on the Singapore Exchange
mainboard. It expects to raise more than US $3m from the placement to be used for the renewal and upgrading of its rental fleet as well as
for working capital purposes.
The share offer represents 5.7% of the group’s enlarged share capital.
Tat Hong floated on the Australian Stock Exchange in September 1997.