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Summary
We are the first foreign-owned tower crane service provider established in the PRC. According to Frost & Sullivan, the tower crane service market in the PRC is extremely fragmented with the top five players only accounted for the market share of approximately 4% in terms of revenue in 2019 whereas we accounted for approximately 0.7%. Since 2007, we have established ourselves as a tower crane service provider for one-stop tower crane solution services from consultation, technical design, commissioning, construction to after-sales services primarily to Chinese Special-tier and Tier-1 EPC contractors. During the Track Record Period, we had mainly engaged in EPC projects in infrastructure, energy, commercial and residential sectors conducted by our customers. Guided by our core values, which are “Virtue (厚德), Safety (安全) and Excellence (卓越)”, we have successfully established our market position and maintained stable, reputable and loyal customer base in the construction industry in the PRC.

We are well-recognised in the industry and have built a strong reputation in our awareness to workers' safety, service quality and technical strength. We possess Class A Certificate for Erection, Modification and Maintenance of Special Type Equipment (特種設備安裝改造維修 許可證(起重機械A級)) granted by the Jiangsu Quality and Technology Supervisory Bureau (江 蘇省質量技術監督局) and Construction Enterprise Qualification Certificate (建築業企業資質證書) with qualification category and grade of Class One Lifting Equipment Erection and Project Outsourcing (起重設備安裝工程專業承包一級) issued by the Jiangsu Housing and Urban Rural Construction Department (江蘇省住房和城鄉建設廳) for conducting tower crane service business in the PRC. As at the Latest Practicable Date, we possessed 41 registered patents for utility models and inventions relating to tower cranes. Over the years, we have taken part in and witnessed the completion of various large-scale landmark projects, including the Beijing CITIC Bank IT Research and Development Centre (北京市中信銀行信息技術研發 基地), the man-made island of the Hong Kong-Zhuhai-Macau Bridge (港珠澳大橋島隧工程東 人工島項目), the expansion of halls and construction of steel structures of subway stations of the Phase Three of the Shanghai Pudong International Airport (上海浦東國際機場三期擴建工 程衛星廳及捷運車站鋼結構工程), the Beijing Daxing International Airport (北京大興新機場) and the Shanxi Niucun Wenchi Coal and Electricity Power Plant (山西牛村鎮溫池村盂縣電廠).

We have also received numerous awards and recognition from our customers, forum and government authorities, such as, China Top 20 Tower Crane Rental Company (中國塔機租賃 商20強) issued by the Organising Committee of World Tower Crane Summit & China Tower Crane Rental 100 Forum (全球塔式起重機峰會暨中國塔機租賃商百強大會組委會) and China Construction Machinery Magazine (中國工程機械雜誌) in 2020, the Certificate of Enterprise Credit Grade AAA (企業信用等級證書AAA級) issued by the China Construction Industry Association (中國建築業協會) in 2019, and the 2018 Annual Safety Production Advance Enterprise Award (2018年度安全工作先進企業) issued in January 2019 by the Shanghai Development Safety Association for Construction Safety (上海市建設安全協會建築設施安全 分會).

We first established our business presence in the PRC in 2007 by entering the eastern China market. Throughout the years, we have gradually expanded into more regional markets and established our operational presence across the PRC. Nevertheless, our revenue during the Track Record Period was primarily generated from our projects located in the eastern China region.

Source: Tat Hong Equipment (02153) Prospectus (IPO Date : 30/12/2020)
Listing Market MAIN
Industry Construction & Engineering
Background Others
Major Business Area N/A
Corporate Information
Substantial Shareholders Tat Hong Equipment (China) Pte. Ltd. (73.15%)
Lim Hua Min & Associates (5.55%)
Directors Ng San Tiong (Chairman and Non-Executive Director)
Yau Kok San (Chief Executive Officer and Executive Director)
Lin Han-wei (Chief Operating Officer and Executive Director)
Sun Zhaolin (Non-Executive Director)
Liu Xin (Non-Executive Director)
Guo Jinjun (Non-Executive Director)
Huang Chao-Jen (Independent Non-Executive Director)
Pan I-Shan (Independent Non-Executive Director)
Wan Kum Tho (Independent Non-Executive Director)
Company Secretary Oh Sim Yee
Principal Bankers Standard Chartered Bank (Hong Kong) Ltd.
OCBC Wing Hang Bank Limited
China Merchants Bank
Bank of China (Hong Kong) Limited
United Overseas Bank Limited
Solicitors TC & Co.
Auditors RSM Nelson Wheeler
Registered Office 40th Floor, Dah Sing Financial Centre, 248 Queen’s Road East, Wanchai, Hong Kong
Share Registrars Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No (852) 2980-1333
Internet Address http://www.tathongchina.com
Email Address project.straits2.thchina@tathongchina.com
Tel No (852) 3150-6788
Fax No (852) 3150-6728
 
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