Tat Hong Intraco is an unlisted joint arrangement in which Intraco has a 40% interest, as well as joint control via an investors’ agreement.
Tat Hong was incorporated in Singapore by Intraco, Tat Hong Holdings and Aung Moe Kyaw. It is in the business of leasing and sales of cranes and other heavy equipment in Myanmar.
Based on Tat Hong Intraco’s unaudited financial statement for the FY2020 ended December, Intraco’s investment in Tat Hong Intraco is valued at around $571,000. The amount represents less than 1% of Intraco’s total assets.
Shares in Intraco closed flat at 28 cents on April 1.
