Tat Hong Intraco is a joint venture company between Intraco and Tat Hong Holdings, where they both hold an equal stake of 40%. An independent third party has the remaining 20% stake. Tat Hong Intraco was incorporated in Singapore in August 2013 with an issued and paid-up share capital of US$5 million.
Intraco Limited has disposed of its 40% equity interest in Tat Hong Intraco to Tat Hong Holdings for a total consideration of US$838,000 ($1.2 million) on Sept 21 via a sale and purchase of shares agreement (SPA).
The stake amounts to two million ordinary shares in Tat Hong Intraco.
