Sin Heng, which has been listed on the mainboard of the Singapore Exchange (SGX:S68
) since Feb 3, 2010, is involved in the business of heavy recruitment rental, trading of new and used cranes and aerial lifts, and sales and distribution of spare parts.
The executive director and CEO of Sin Heng Heavy Machinery (SGX:BKA) together with United Hope are offering to take the company private at 58 cents per share in cash on March 14.
The offeror consortium is made up by two parties, CEO Tan Ah Lye’s private company TAL Holdings and United Hope, a private company owned solely by Teo Yi-dar. The two entities own a 76% and 24% stake in the offeror consortium respectively.
