TA Corporation

The LOI was sent on March 8 and acknowledged by TA Corp on the same day.

Tiong Aik is said to owe King Wan around $3.2 million in payment.

Tiong Aik Construction (TA Construction), a wholly-owned subsidiary of TA Corp, has been placed under provisional liquidation.

The group says it is expected to net a loss of $8.6 million on the proposed disposal.

The proposed disposal will see a loss of $0.3 million upon completion.

SINGAPORE (Oct 3): Tayrona Financial is rating TA Corporation “overweight” with a high-average return and low-average risk classification, along with a fair value estimation of 35 cents.

SINGAPORE (Sept 8): TA Corporation announced that its wholly-owned subsidiary, Sino Holdings, has entered into a joint venture (JV) with Synergy Resources Group to distribute Suzuki automobiles and spare parts in Myanmar.

SINGAPORE (May 8): TA Corporation, the property and construction group, recorded a loss of $1.69 million in 1Q18 compared to earnings of $1.65 million in 1Q17.

SINGAPORE (Feb 28): TA Corporation, the property and construction group, has recorded losses of $4.28 million in 4Q17, compared to earnings of $3.16 million in 4Q16.

SINGAPORE (Dec 12): TA Corporation's wholly-owned subsidiary, Tiong Aik Construction, has won the main contract worth $180 million by JTC Corporation for a building development project.