Australian crane owner gets $720m price tag

Tat Hong Holdings, the largest crane-owning company in Asia Pacific, is considering selling its Australian business, according to people with knowledge of the matter. The Singapore-based company is working with a financial adviser on the potential divestment of Tutt Bryant Group, an Australian construction machinery and equipment firm, the people said. Tat Hong is seeking more than $US500 million ($720 million) for the unit, said the people, who asked not to be identified as the process is private. A Tutt Bryant crane being towed for use. Damian White Deliberations are still at an early stage and there is no guarantee…