27.08.2010

Tat Hong to complete acquisition of Tutt Bryant

Singapore based crane company Tat Hong is to issue a compulsory purchase order for the shares that it does not already own in Tutt Bryant.

The decision comes after having boosted its holding to 92.8 percent with its offer to acquire the outstanding shares in the business. The compulsory purchase order will be issued before the current voluntary offer expires on September 13th.

Tat Hong launched the offer to acquire the 30 percent holding that it did not already own in Tutt Bryant at the end of July, it is paying 92 cents a share.