Completion of the sale was initially expected on May 15.
SINGAPORE (May 30): TEE International is extending the completion date for the sale of a 28% stake in subsidiary TEE Land to Top Capital Securities by about two months.
On May 10, TEE International had announced that it would sell 100.5 million shares in TEE Land – or a 28% stake – at 18.6 cents each in cash or totalling nearly $18.7 million.
