{"id":12277,"date":"2017-11-10T07:24:25","date_gmt":"2017-11-10T07:24:25","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=12277"},"modified":"2017-11-10T07:24:25","modified_gmt":"2017-11-10T07:24:25","slug":"stanchart-private-equity-offers-to-buy-singapore-crane-company-tat-hong-for-277-million","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/stanchart-private-equity-offers-to-buy-singapore-crane-company-tat-hong-for-277-million\/","title":{"rendered":"StanChart Private Equity offers to buy Singapore crane company Tat Hong for $277 million"},"content":{"rendered":"<p data-reactid=\"32\">Tat Hong Holdings Ltd (<span id=\"\u201csymbol_TAT.SI_0\u201d\"><a href=\"http:\/\/www.reuters.com\/finance\/stocks\/overview\/TAT.SI\">TAT.SI<\/a><\/span>), a Singapore-based supplier of cranes, said it had received a non-binding letter from Standard Chartered Private Equity (Singapore) proposing to buy it in a deal that values the company at S$377 million ($277 million).<\/p>\n<p data-reactid=\"33\">Standard Chartered PE (SCPE) has offered S$0.50 per share under the proposal, which is subject to conditions including an agreement of definitive partnership terms with the existing management team and founding family members, Tat Hong said a filing to the stock exchange on Friday.<\/p>\n<p data-reactid=\"34\">The offer represents a premium of nearly 9 percent to Tat Hong\u2019s closing price of S$0.46 on Thursday. Trading in the stock was halted on Friday ahead of the announcement.<\/p>\n<p data-reactid=\"35\">There was no certainty that any transaction would arise from the proposal by SCPE, the company said. Tat Hong informed the markets in September about being approached by certain parties for a potential transaction.<\/p>\n<p data-reactid=\"36\">Tat Hong has been listed on the mainboard of the Singapore Stock Exchange since 2000. It says it is the largest crane-owning company in the Asia-Pacific region with a fleet size of more than 1,500 crawler, mobile and tower cranes.<\/p>\n<p data-reactid=\"37\">The controlling shareholders, Chwee Cheng and Sons along with related parties, own more than half the shares, according to its latest annual report.<\/p>\n<div data-reactid=\"38\">\u00a0Reporting by Aradhana Aravindan; Editing by Stephen Coates<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tat Hong Holdings Ltd (TAT.SI), a Singapore-based supplier of cranes, said it had received a non-binding letter from Standard Chartered Private Equity (Singapore) proposing to buy it in a deal that values the company at S$377 million ($277 million). Standard Chartered PE (SCPE) has offered S$0.50 per share under the proposal, which is subject to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[2,3],"tags":[1448],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>StanChart Private Equity offers to buy Singapore crane company Tat Hong for $277 million - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/stanchart-private-equity-offers-to-buy-singapore-crane-company-tat-hong-for-277-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"StanChart Private Equity offers to buy Singapore crane company Tat Hong for $277 million - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"Tat Hong Holdings Ltd (TAT.SI), a Singapore-based supplier of cranes, said it had received a non-binding letter from Standard Chartered Private Equity (Singapore) proposing to buy it in a deal that values the company at S$377 million ($277 million). Standard Chartered PE (SCPE) has offered S$0.50 per share under the proposal, which is subject to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cranemarket.com\/blog\/stanchart-private-equity-offers-to-buy-singapore-crane-company-tat-hong-for-277-million\/\" \/>\n<meta property=\"og:site_name\" content=\"MachineMarket Blog\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-10T07:24:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2017\/11\/Tat-Hong.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"780\" \/>\n\t<meta property=\"og:image:height\" content=\"520\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/machine.market\/blog\/#organization\",\"name\":\"CraneMarket | Cranes for Sale and Rent\",\"url\":\"https:\/\/machine.market\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/machine.market\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2019\/03\/crane-market-logo.png\",\"width\":282,\"height\":81,\"caption\":\"CraneMarket | Cranes for Sale and Rent\"},\"image\":{\"@id\":\"https:\/\/machine.market\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/machine.market\/blog\/#website\",\"url\":\"https:\/\/machine.market\/blog\/\",\"name\":\"MachineMarket Blog\",\"description\":\"Machine News\",\"publisher\":{\"@id\":\"https:\/\/machine.market\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/machine.market\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cranemarket.com\/blog\/stanchart-private-equity-offers-to-buy-singapore-crane-company-tat-hong-for-277-million\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2017\/11\/Tat-Hong.jpg\",\"width\":780,\"height\":520},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cranemarket.com\/blog\/stanchart-private-equity-offers-to-buy-singapore-crane-company-tat-hong-for-277-million\/#webpage\",\"url\":\"https:\/\/cranemarket.com\/blog\/stanchart-private-equity-offers-to-buy-singapore-crane-company-tat-hong-for-277-million\/\",\"name\":\"StanChart Private Equity offers to buy Singapore crane company Tat Hong for $277 million - MachineMarket Blog\",\"isPartOf\":{\"@id\":\"https:\/\/machine.market\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/stanchart-private-equity-offers-to-buy-singapore-crane-company-tat-hong-for-277-million\/#primaryimage\"},\"datePublished\":\"2017-11-10T07:24:25+00:00\",\"dateModified\":\"2017-11-10T07:24:25+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cranemarket.com\/blog\/stanchart-private-equity-offers-to-buy-singapore-crane-company-tat-hong-for-277-million\/\"]}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/cranemarket.com\/blog\/stanchart-private-equity-offers-to-buy-singapore-crane-company-tat-hong-for-277-million\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/stanchart-private-equity-offers-to-buy-singapore-crane-company-tat-hong-for-277-million\/#webpage\"},\"author\":{\"@id\":\"https:\/\/machine.market\/blog\/#\/schema\/person\/d55314291bc2800387533231d1e82150\"},\"headline\":\"StanChart Private Equity offers to buy Singapore crane company Tat Hong for $277 million\",\"datePublished\":\"2017-11-10T07:24:25+00:00\",\"dateModified\":\"2017-11-10T07:24:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/stanchart-private-equity-offers-to-buy-singapore-crane-company-tat-hong-for-277-million\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/machine.market\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/stanchart-private-equity-offers-to-buy-singapore-crane-company-tat-hong-for-277-million\/#primaryimage\"},\"keywords\":\"Tat Hong\",\"articleSection\":\"Constuction &amp; 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