Evidently, Teh’s fondness for leading restructuring exercises is not a one-hit wonder. In June 2018, he bought over a 28.7% stake in Advance SCT making him a controlling shareholder. At that point, Advance SC was struggling as a copper trader and has been on the SGX watchlist since March 2015,
Hailing from the small Malaysian town of Ipoh, Teh Wing Kwan has built up a track record as a restructuring specialist of sorts. Back in 2013, he helped Sapphire Corp turn from a struggling steel supplier and vanadium processing company into a China-based infrastructure engineering firm.
Having helped Sapphire turn around, Teh left in 2017. Then, as chairman of Hong Kong-listed China Vanadium Titato-Magnetite Mining Co, he helped complete a RMB1.3 billion restructuring exercise in 2019.
