21.09.2017

Tat Hong in play

Tat Hong shares soared yesterday causing the company to confirm that it has received an ‘approach’ from parties wishing to acquire a major stake in the business – although it has not been that specific in its official announcements.

The actual statement is as follows:
“The board wishes to inform shareholders that the Company has been approached by certain parties in connection with a potential transaction in relation to the securities of the Company. The discussions are ongoing and there is no certainty or assurance whatsoever that any transaction will arise from these discussions. The Company has appointed Rippledot Capital Advisers Pte. Ltd. as its financial adviser in connection with such approaches.”

“The company will, in compliance with the applicable rules, make further announcements as appropriate.”

“The company wishes to advise its shareholders to refrain from taking any action in respect of their shares of the company which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the company.”