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Crane operator Sin Heng Heavy Machinery reported a 34.2% drop in income to $10.4 million for the six months ended 31 December 2009 on an 11.2% decline in revenue to $71.2 million. It is recommending an interim dividend of $0.45.

Source

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Heavy lifting services firm Sin Heng said on Friday that Toyota Tsusho Corp, a member of Toyota Motor Corp group, had acquired a 27 percent stake in the Singapore firm for S$26 million ($20.3 million).

Toyota bought around 123.8 million shares in Sin Heng from its controlling shareholder SEAVI Advent Equity V (C) Ltd.

Source: Reuters

CEO of Sin Heng Heavy Machinery moves to take his company private for 58 cents per share
https://www.theedgesingapore.com/news/o ... ents-share