The spinoff group will also hold a 21.05% stake in PowerSource Philippines Distributed Power Holdings, Inc., which plans to expand its power business by exploring opportunities in the renewable energy segment and owns a 25MW greenfield thermal hybrid power plant in the Philippines.
SINGAPORE (Apr 15): TEE International is proposing a spinoff of its infrastructure business which will be listed on the Catalist board of the Singapore Exchange.
According to its filing on Monday, the spinoff group will consist of a 50.1% stake in G3 Environmental Private Limited, which offers a full suite of waste management solutions, including onsite and offsite waste management, collection and transport of waste, and processing of recyclables such as paper and plastics.
