Tat Hong Holdings *Official* (SGX: T03)

Jupiter2017

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http://www.businesstimes.com.sg/com...chart-pe-makes-non-binding-offer-at-s050share
Tat Hong: StanChart PE makes non-binding offer at S$0.50/share
Fri, Nov 10, 2017 - 2:43 PM Rachel Mui rachmui@sph.com.sg

CRANE-supplier Tat Hong Holdings on Friday said that it has received a non-binding letter from Standard Chartered Private Equity Singapore (SCPE) confirming its proposal to acquire shares of the firm at 50 Singapore cents apiece.
Bloomberg had earlier reported that SCPE may be looking to acquire a 29 per cent stake in Tat Hong, citing people familiar with the matter. If that figure is accurate, SCPE could invest between S$109 million and S$154 million into Tat Hong, based on Tat Hong's issued share capital as of June 30. The difference in the range comes from whether SCPE buys the shares from an existing shareholder, or whether Tat Hong issues new shares to SCPE.
The proposed offer price is 4 Singapore cents higher than Tat Hong's closing price of 46 Singapore cents on Thursday. The company had requested for a trading halt on Friday morning pending the release of the announcement.
The mainboard-listed firm previously announced in September and October this year that it had been "approached by certain parties in connection with a potential transaction in relation to the securities of the company".
The deal is subjected to various conditions, including obtaining all necessary confirmations from the Securities Industry Council, agreement of definitive partnership terms, and final approval by the investment committee of SCPE of such terms, the group said on Friday.
The firm added that the letter from SCPE does not constitute a firm intention to make an offer by SCPE for any shares in the company and should not be construed as creating any legally binding obligations.
 

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http://www.businesstimes.com.sg/com...-narrows-to-48-from-improved-performance-down
Crane supplier Tat Hong's Q2 net loss narrows to 48% from improved performance Down Under
Tue, Nov 14, 2017 - 6:02 PM Annabeth Leow leowhma@sph.com.sg

MAINBOARD-LISTED crane supplier Tat Hong Holdings stayed in the red in the second quarter, but its losses were halved on the back of improved performance in its Australian operations.
It announced on Tuesday that its net loss for the three months to Sept 30 was S$2.79 million, a 48 per cent drop from the S$5.413 million in the same period the year before.
The company's results got a boost from a 13 per cent rise in revenue to S$124.265 million, as turnover improved in all business segments save for the crane rental division.
Loss per share narrowed to 0.37 Singapore cent, from 0.86 Singapore cent previously.
The results came as crane rental revenue dropped by 6 per cent on the previous year, to S$32.034 million, owing to a lower rental rate in Singapore as well as lower business activity in Batam and the completion of projects in Hong Kong.
But this was partly offset by higher crane utilisation rates in Malaysia and Australia.
Revenue from general equipment rental in Australia also jumped by 34 per cent to S$14.635 million, with the utilisation rate up and new projects starting amid a growth in infrastructure expenditure.
Higher equipment and parts sales in Australia helped to drive up turnover for the distribution division as well, even as demand softened in other overseas markets such as Thailand and Vietnam.
Distribution revenue rose 25 per cent to S$49.412 million.
Meanwhile, the tower crane rental business in China contributed S$28.184 million in revenue, a gain of 11 per cent on the previous year.
Tat Hong noted in its report that the group's overall performance could be hit by "challenging market conditions in certain parts of the Asean region", as well as newly announced environmental regulations in the area around Beijing in China.
But it also expects "steady growth" of its tower crane rental business in China and "an improvement" in its Australian operations, it said.
Tat Hong added: "Notwithstanding the above, the group will continue its fleet rationalisation activities.
"The group will also continue to take advantage of its strong China presence to explore opportunities in China's Belt and Road Initiative."
Tat Hong on Nov 10 confirmed that it had received a non-binding letter from Standard Chartered Private Equity Singapore (SCPE) that proposed to acquire a stake in the crane company for S$0.50 a share.
Its shares closed lower by S$0.005, or 1.053 per cent, to S$0.47, before results were announced.

Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=T03.SI
 

Jupiter2017

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http://www.businesstimes.com.sg/com...to-take-crane-supplier-private-with-s050share
Tat Hong boss, StanChart PE intend to take crane supplier private with S$0.50/share offer
Fri, Jan 12, 2018 - 7:53 AM Annabeth Leowleowhma@sph.com.sg

STANDARD Chartered Private Equity's proposal to pick up a stake in Tat Hong Holdings has bloomed.
A tie-up between Standard Chartered's private equity arm and Tat Hong boss Roland Ng announced late on Thursday their intention to make a voluntary conditional cash offer for all of Tat Hong's shares at S$0.50 apiece.
The offer will not be made unless and until the approval of the relevant authorities in Australia and China has been obtained by July 11.
The crane supplier confirmed in November 2017 that it had received a non-binding letter from the bank's private equity unit confirming its proposal to acquire shares of the firm at the same price.
Tat Hong closed higher by 0.5 Singapore cent, or 1.12 per cent, at S$0.45 on Thursday, before the announcement.
 

addict951

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Any Tat Hong vestors here?
What yall think of the 50c offer?
No choice yall will accept right?
The terms and conditions worded very similarly to the CWT deal also.
All terms and conditions must be met b4 the offer becomes compul.

Btw, must wait until 11 July, then really final unconditional offer. Still got 6 months ****.
 

addict951

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Btw, rast week got announcement Aussie and China authorities got no objection to taking the company pte. Still got one antitrust somethingsomething to clear. The offeror ish close to making the offer unconditional riao. Paul, do you have Tat Hong too?
 

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http://www.businesstimes.com.sg/com...f-weak-performance-in-its-upcoming-q3-results
Tat Hong Holdings warns of 'weak performance' in its upcoming Q3 results
Wed, Feb 07, 2018 - 9:09 PM Vivien Shiao vshiao@sph.com.sg

MAINBOARD-LISTED crane supplier Tat Hong Holdings warned that the group is expecting to report a weak performance for its third quarter ended Dec 31, based on the preliminary review of its consolidated results.
This is primarily due to poor performance from its equipment distribution business in the Asean region and unrealised foreign exchange losses.
More details will be disclosed in the group's unaudited financial statements for 3Q FY2018 which will be released by Feb 13.
 

addict951

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Btw, rast week got announcement Aussie and China authorities got no objection to taking the company pte. Still got one antitrust somethingsomething to clear. The offeror ish close to making the offer unconditional riao. Paul, do you have Tat Hong too?

ITE liao. :o
50c offer officially announced 09 March, last Fri.
Tat Hong will be delisted and privatised.
Offer docs will be dispatched soon.
 

addict951

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No #craneoperator vestors here ah?
Cash offer tio upped to 55c from 50c.
Offer acceptance date also extended till 14 May.
 

Mancunian2

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if never up offer and extend today, means conditional offer lapse
 

Verbatin

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i have tick Yes to sell at 50c and sent out the acceptance letter.

can i still sell at open market at 53.5-54c?
 

addict951

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i have tick Yes to sell at 50c and sent out the acceptance letter.

can i still sell at open market at 53.5-54c?
verb, nong time no chat!!!!!
Why you dun want wait for 55c offer? You sell still have to incur comm. leh.
You scare deal may not go thru?

Your case rike very tricky. :o
The timing jin tricky.

My case SCB swiped all my shares rast week riao so I want sell also cannot.
 

Verbatin

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oh this means if accept at 50c means cannot sell now
yes scared deal cannot go through because it is conditional


verb, nong time no chat!!!!!
Why you dun want wait for 55c offer? You sell still have to incur comm. leh.
You scare deal may not go thru?

Your case rike very tricky. :o
The timing jin tricky.

My case SCB swiped all my shares rast week riao so I want sell also cannot.
 

addict951

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oh this means if accept at 50c means cannot sell now
yes scared deal cannot go through because it is conditional

Why not check your cdp a/c see whether's still there?
As Long as it's still there you can sell liao? Cos offer date has extended to 14 May...
 

addict951

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ITE. Concerted parties have 90% of shares and will compulsorily acquire all shares of the company.
Shareholders can expect to receive.55/share 7 days from 18 May '18.
verb, you still have or solded?
 
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