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Tower Crane
Results
Yongmao Holdings swings to 4Q loss on higher expenses, lower margins
SINGAPORE (May 30): Tower crane manufacturer Yongmao Holdings posted a loss of RMB2.3 million ($0.5 million) for the quarter ended March, compared to earnings of RMB5.7 million in 4Q17, due to higher expenses and lower margins.
May 30, 2018
Broker's Calls
Tat Hong retreated 6.5 cents after announcing a rights issue. What seems to be the problem?
SINGAPORE (Nov 16): Tat Hong Holdings announced a renounceable underwritten 1-for-5 rights issue to raise $41.1 million after trading hours on Monday. On Tuesday, the stock lost 6.5 cents, or 14.3% of its share value, to close at 39 cents.
November 16, 2016