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SINGAPORE (Aug 22): The proposed privatisation and delisting of TEE International by its group CEO has fallen through when put to the vote at a postponed meeting with shareholders on Monday.
SINGAPORE (April 2): Phua Chian Kin, group CEO and controlling shareholder of TEE International, is offering to buy out other shareholders for 21.5 cents a share, valuing the company at $108 million, announced the company on April Fool’s Day.
SINGAPORE (March 29): Phua Chian Kin, controlling shareholder and group CEO of TEE International, plans to take the company private.
Shares of the engineering and infrastructure company have been halted before the market opened on Monday.
In an afte
SINGAPORE (March 27): TEE International has declared about $0.2 million of earnings for the third quarter ended Feb 2017, down 72.3% from the $0.6 million it reported a year ago.
SINGAPORE (Oct 14): NRA Capital has issued a “overweight” call on TEE International with a fair value of 34.5 cents given the group has declared its intention to expand into waste-to-energy projects.
SINGAPORE (Oct 13): Engineering, real estate and infrastructure group TEE International, together with its subsidiaries and associated companies, was awarded $48 million worth of new engineering contracts, bringing the group’s total unfulfilled order bo