TEE International

“The only way to stop it is if you were to isolate and shut ourselves out from the world. But I don’t think that’s a tenable situation” – Minister Lawrence Wong, co-chair of the Multi-Ministry Taskforce on Covid-19, on the risk of new spikes in the number

This comes a day after TEE International announced that the white-collar crime unit had raided its office and “taken certain documents and items from the premises”.

TEE International intends to cooperate fully with the CAD on its investigations.

Phua also admitted to PwC that he had made contradictory statements because of his “pride” – he did not want the Audit Committee to know that he was in need of cash.

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.

The counter has plunged 18.8% since Jan 13, when the group announced that it is selling its subsidiary, TEE Land, to Malaysia’s Amcorp Group.

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

SINGAPORE (Dec 18): Engineering, real estate and infrastructure group TEE International has secured new contracts for engineering and construction works worth some $20 million. 

SINGAPORE (Sept 23): On Sept 18, the US Federal Reserve lowered interest rates for the second time this year by 25 basis points to between 1.75% and 2%. Fed chair Jerome Powell says the US economy remains strong and unemployment low. He adds, however, tha

SINGAPORE (Sept 17): Shares in TEE International rose as much as 31.4% on Tuesday after former CEO Phua Chian Kin, who is currently under investigation, was reportedly seeking to sell a 23% stake in the company.