05-07-2012, 09:00 PM
(05-07-2012, 08:47 PM)portuser Wrote: Brattzz,
You have stated:
"today's biz time ran an article on this.
OEI sold out already... Tat Hong is the majority holder now."
On 7 June, Tat Hong denied having any stake in Intraco:
"Tat Hong Holdings Ltd (the “Company”) notes that various news articles published on 6 June 2012 and 7 June 2012 by Thomson Reuters and by Lianhe Zaobao respectively on the proposed acquisition by TH Investments Pte Ltd of a 29.89 percent stake in Intraco Ltd (the “Proposed Transaction”) mentioned the Company as the controlling shareholder of TH Investments Pte Ltd.
The Company wishes to clarify that the Company does not have any interest, direct or indirect, in TH Investments Pte Ltd and that the Company is not involved in the Proposed Transaction."
An old Edge article that tells us who's TH Investments,
On April 5, Chwee Cheng & Sons Pte Ltd became a substantial shareholder of newly-listed TTJ Holdings, after it bought 12.4 million shares in the structural-steel supplier on the open market via its wholly-owned unit TH Investments Pte Ltd. This increased its stake to 8.32% from 4.77%.
Chwee Cheng & Sons was set up by Ng Chwee Cheng, the founder of Tat Hong Holdings, one of the largest crane companies in Asia-Pacific. Ng was ranked Singapore’s 30th richest man by Forbes Asia in 2009, with a net worth of US$250 million ($347 million). Ng has 14 children, including son Roland Ng San Tiong, who is the managing director of Tat Hong. Ng is a substantial shareholder of Tat Hong and also CSC Holdings, a foundation and geotechnical engineering company.
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