Tat Hong Equipment Service (HKG:2153) issued commercial papers in the form of digital securities to raise between SG$20 million and SG$25 million, a Thursday bourse filing said.
The commercial paper, which was issued under the SDAX multicurrency CP facility program, carries an interest rate of 5.2% per annum and will fall due in approximately three months from the issue date.
The crane rental firm will use proceeds from the issue as the working capital of its principal businesses.
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