29.01.2007

Tat Hong steps up in China

Singapore based crane rental company - Tat Hong has increased its holding in Shanghai Tat Hong from 60 percent to 90 percent.

The 10 percent balance is still held by Shanghai Zhao Mao Mechanical Engineering Co.

The registered capital of the joint venture remains at US$3.5million and Tat Hong will put in an investment of $3.15million instead of the $1 million announced previously.

The contribution to the registered capital will come from Tat Hong International Pte Ltd and will be funded internally.