16 Jan 2020

TEE International’s S$50.62 million disposal of shares

Partner Danny Lim from Rajah & Tann Singapore is advising TEE International on its S$50.62 million (US$37m) disposal of shares in its subsidiary, TEE Land, to Amcorp Supreme. Consequent to the disposal, Amcorp Supreme has launched a pre-conditional mandatory general offer for TEE Land at S$0.179 (US$0.13) per share, which values the company at S$80 million (US$58.4m).