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.
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