Tat Hong sells mining equipment units
Friday, September 18 2009 - 01:43 AM WIB
Singapore Exchange-listed firm Tat Hong Holdings Ltd announced on Thursday its 50%-owned Indonesian mining contractor unit PT Tat Hong Energy has agreed to sell 56 units of mining equipments to PT Intan Metta Internusa for US$19.1 million.
The company said the sale was part of its plan to exit PT Tat Hong, which is 50%-owned by another Singapore firm Manhattan Resources Limited.
The company said PT Tat Hong planned to sell the remaining 10 unit of mining equipments it owned. (alex)