TEE International

SINGAPORE (Sept 16): Phua Chian Kin, the former CEO of TEE International, has signed a term sheet to sell 150 million shares he held in the company at 6 cents per share, or $9 million.

SINGAPORE (Sept 15): Phua Chian Kin, the controlling shareholder of Mainboard-listed TEE International, could be selling his shares in the company to certain third-party purchasers.

(Sept 16): TEE International appears to have been hit by a scandal. The engineering firm said on Sept 4 that a total of $6.55 million had been remitted from the company to other entities, including those owned by its group CEO Phua Chian Kin, without the

SINGAPORE (Sept 8): TEE International is appointing an external third party independent investigator to look into unauthorised payments totalling $6.55 million.

SINGAPORE (July 31): Integrated engineering, real estate and infrastructure group TEE International sank to full year losses of $17.8 million for the FY19 ended May, some 78.2% worse than the net loss of $10.0 million reported a year ago.

SINGAPORE (July 1): US President Donald Trump and Chinese President Xi Jinping’s impending Osaka G20 meeting is one to watch, but market commentators are not expecting any significant breakthrough. At the very least, they would be happy that talks betwe

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.

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.

SINGAPORE (Apr 11): TEE International reported 3Q19 earnings rose by 89.3% to $708,000 million, compared to $374,000 in 3Q18.

SINGAPORE (Nov 29): TEE International is undertaking a rights issue of up to 190.7 million new shares at 10 cents each to raise $19.1 million.