According to Tat Seng Packaging, the proposed spin-off and listing will reduce the impact of market and economic conditions in China on the group’s operating businesses in Singapore.
Tat Seng Packaging, which is 63.95%-owned by Hanwell Holdings, says the company is evaluating the feasibility of a possible spin-off and listing of Tat Seng Packaging (Suzhou) and the group’s other subsidiaries in China on a “suitable stock exchange” to be determined by the company.
Tat Seng’s business in China comprises the operating businesses in the country under Tat Seng Packaging (Suzhou).
