HKG:2153

Tat Hong Equipment Eyes Up to SG$30 Million from Commercial Paper Issue

Tat Hong Equipment Service (HKG:2153) is looking to raise between SG$30 million and SG$35 million from the issue of commercial papers in the form of digital securities.The commercial papers, issued under the firm's SDAX multicurrency CP facility program, have an interest rate of 4.40% per annum and will fall due in three months, a Thursday Hong Kong bourse filing said.The crane rental firm will use proceeds from the issue as working capital for its principal businesses.