01 Apr 2017

Privatisation Scheme of Arrangement by Oscar Investment Private Limited for the Shares and Warrants in TEE International Limited

Danny Lim, Penelope Loh and Caitlin Huang are advising Oscar Investment Private Limited in its privatisation and delisting of TEE International Limited, which is listed on the Main Board of the SGX-ST, pursuant to a scheme of arrangement under Section 210 of the Singapore Companies Act, whereby Oscar Investment is offering cash or new shares for existing shares of TEE International. Based on the offer price of S$0.215 per share, the group is valued at approximately S$148 million. The group has three business divisions, comprising businesses in engineering, real estate and infrastructure.