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TEE International shares jump as high as 31% as ex-CEO seeks 23% stake sale

Stanislaus Jude Chan
Stanislaus Jude Chan • 3 min read
TEE International shares jump as high as 31% as ex-CEO seeks 23% stake sale
SINGAPORE (Sept 17): Shares in TEE International rose as much as 31.4% on Tuesday after former CEO Phua Chian Kin, who is currently under investigation, was reportedly seeking to sell a 23% stake in the company.
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SINGAPORE (Sept 17): Shares in TEE International rose as much as 31.4% on Tuesday after former CEO Phua Chian Kin, who is currently under investigation, was reportedly seeking to sell a 23% stake in the company.

After lifting its trading halt on Monday night, shares in TEE International opened at 4.5 cents on Tuesday, up from its Monday close of 3.5 cents.

As of 3pm, the counter is trading 0.7 cent or 20% higher at 4.2 cents with 59.8 million shares changing hands, after hitting as high as 4.6 cents earlier in the morning.

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