Tee Land

This offer comes three weeks after the announcement that Amcorp plans to buy over a combined 68.78% stake in TEE Land from its parent TEE International and from Phua Chian Kin, TEE International’s controlling shareholder.

Malaysia’s Amcorp Group plans to pay just over $55 million for a controlling stake in local developer TEE Land.Amcorp, controlled by Tan Sri Azman Hashim, will buy a 63.28% stake in TEE Land from its existing parent company, TEE International. It will

(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 (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 (Nov 23): TEE International, the regional integrated engineering, real estate and infrastructure group, has caught the attention of SAC Advisors.

SINGAPORE (June 28): TEE Land says that it will be acquiring the freehold interest in a plot of land located at 338 to 364 Upper East Coast Road, which is currently Teck Guan Ville, for a consideration of $60 million.

SINGAPORE (Mar 9): NRA Capital is maintaining its “overweight” on TEE Land with a fair value of 28 cents given improved outlook for the property developer.

SINGAPORE (Jan 8): TEE International and TEE Land have both sounded profit warnings filings on Friday night.

SINGAPORE (Dec 20): TEE Land’s wholly-owned subsidiary, TEE Development, has entered into a share sale and purchase agreement with Chartchewa Company to dispose its entire 31.88% interest in Thai subsidiary Chewathai Public Company.

SINGAPORE (Nov 7): Real estate developer TEE Land has entered into 11 option-to-purchase agreements to acquire the freehold interest of 35 Gilstead Road, known as Casa Contendere, for $72 million.