The first claim, served by Fuji SMBE Technology on or about Dec 2, 2020, for the outstanding sum of $2,694,000 represents approximately 13.9% and 14.1% of the group’s net asset value (NAV) and cash equivalent balance (CCE), respectively.
The Singapore Exchange (SGX:S68
) Securities Trading (SGX-ST) Listings Disciplinary Committee has issued a public reprimand of Tee International (SGX:M1Z) M1Z and its former group CEO and managing director Phua Boon Kin Eric for breaching Mainboard rules on Jan 18.
The regulatory action was in response to a failure to disclose claims served on Tee International’s wholly-owned subsidiary, Trans Equatorial Engineering, in December 2020.
