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3321-3340 of 3351
As far as I don't want it to lose hope, atm it seems like it
Well, I'm just gonna hold it, just like my Informatics.
Heard news coming out these few days, hopefully can push up...
xin9999 ( Date: 27-May-2013 11:49) Posted:
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this 1 lost hope d??
TEE Land IPO may raise at least $57.5m
115 million new shares to be offered 20-30% could be for public tranche
REAL estate developer TEE Land may be able to raise at least $57.5 million from its initial public offering (IPO).
The company said yesterday that 115 million new shares will be
offered at a date to be announced, following the lodgement of its
preliminary prospectus. About 20-30 per cent of the shares could be for
the public tranche.
TEE Land, a subsidiary of TEE International, has said its share price
will be a minimum of 50 cents each, which means potential gross
proceeds of at least $57.5 million if the shares are fully subscribed.
The stabilising US and European economies, as well as a strong
outlook for the Singapore property market, were among the reasons for
listing at this juncture.
Latest buzz surround the stock is probably due to its recent eligibility-to-list its real-estate business (Tee Land) from SGX, , upon conditions as follows-
1) at least $20m raised in total from public/ private investors from its listing
2) the price/share of Tee Land, has to be at least $0.50, with a market cap of at least $150m
Upon a spinoff, Tee International will be able to realize the value of their properties, which the Group intends to fund its Myanmar cement business, as well as a special dividend for the remaining proceeds. Tee Int'l has intentions to hold at least 70% stake in Tee Land, which it sees as a valuable source of future earnings. Tee International's historical dps of 2.35¢ (including special div which Tee has been giving the past 2 years) gives an implied yield of 6.0% dividend (using the current price of $0.390), relative to its engineering/ construction peers (average yield of ~2%), or property developer peer Sim Lian with a historical yield 5.8%.
On its Myanmar cement business, Tee Int'l last signed an MOU (9 Nov 2012) with Ayeyarwaddy Cement- a subsidiary of A1 Group, to set up a JV-company to develop and operate a fully integrated cement plant to manufacture portland cement for sale in Myanmar.
Expected completion of the JV to be formed by 31 Jul 2013. There is no SOTP done on the counter yet, although would not be surprised if markets begin to price in a higher STOP on back of a successful spin off on Tee Land
Friday - Engineering-related TEE Int'l Limited said that its property arm, TEE Land Private Limited, has been given the nod by the Singapore Exchange to listing on the mainboard.
TEE Land will remain a unit of TEE Tnt'l. TEE Tnt'l will be diluted by at least 20% after the proposed listing. It also said in Feb that certain pre-IPO investors have agreed to invest S4 million in TEE Land.
OCBC Research said, TEE Int'l announced it had set up two units under TEE Land, called TEE Industrial and TEE Hospitality.
The property arm must raise at least S$20 million in gross proceeds from the proposed invitation. It must also have a minimum market value of S$150 million and the issue price must be at least S$0.50 a share.
An extraordinary general meeting (EGM) will be held to seek shareholders' approval due to the dilution.
TEE Int'l share price closed +1.5c to $0.37c with 2919 lots changed hands.
company are planning to do an IPO after they exercise their warrants end of 28 Feb 2013... anyone know the effects for the new IPO and to the existing shareholder under Tee Intl ?
plan to enter at 0.315 but sekali enter after XD .... the share price drop... how how how
is it too late to enter now ?
minsiang ( Date: 07-Dec-2012 10:05) Posted:
| Name of Announcer * |
TEE INTERNATIONAL LIMITED |
| Company Registration No. |
200007107D |
| Announcement submitted on behalf of |
TEE INTERNATIONAL LIMITED |
| Announcement is submitted with respect to * |
TEE INTERNATIONAL LIMITED |
| Announcement is submitted by * |
YEO AI MEI |
| Designation * |
COMPANY SECRETARY |
| Date & Time of Broadcast |
06-Dec-2012 17:57:15 |
| Announcement No. |
00068 |
| The details of the announcement start here ... |
| Announcement Title * |
PROJECTS AWARDED TO TEE INTERNATIONAL LIMITED’S WHOLLY-OWNED SUBSIDIARY |
francisd ( Date: 09-Oct-2012 14:10) Posted:
Q3 earning to be out on Thursday...
Cheers.
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|
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|
| Name of Announcer * |
TEE INTERNATIONAL LIMITED |
| Company Registration No. |
200007107D |
| Announcement submitted on behalf of |
TEE INTERNATIONAL LIMITED |
| Announcement is submitted with respect to * |
TEE INTERNATIONAL LIMITED |
| Announcement is submitted by * |
YEO AI MEI |
| Designation * |
COMPANY SECRETARY |
| Date & Time of Broadcast |
06-Dec-2012 17:57:15 |
| Announcement No. |
00068 |
| The details of the announcement start here ... |
| Announcement Title * |
PROJECTS AWARDED TO TEE INTERNATIONAL LIMITED’S WHOLLY-OWNED SUBSIDIARY |
francisd ( Date: 09-Oct-2012 14:10) Posted:
Q3 earning to be out on Thursday...
Cheers.
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Q3 earning to be out on Thursday...
Cheers.
yap....good div...will be reaching my TP 35ct soon.....kekekeke
me too... bought at 3.10.... hope it breaks the 3.2 today
francisd ( Date: 05-Oct-2012 15:18) Posted:
| Moving up and up.....
Vested.
Cheers.
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Moving up and up.....
Vested.
Cheers.
accumulation started after coy announced 2 cds meaning special div also i think abt a month bk...
now these few days BBs start to play up and distribute lor
 x 0
 x 0 |
Any news on this counter, its been going up the last few sessions with volumes.
Cheers
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Any news on this counter, its been going up the last few sessions with volumes.
Cheers
friend, 45????? 35ct I happy lor......anyway wait for the AGM/EGM, mandate for share buy back....hope will go up past 30cts
friend, i also dont know any impact on company if any. But of course any company's spokesperson will ally fear and say its minimal or no impact. One thing i know is the authorities takes time to dig or investigate if they wish, for eg, take the case involving the CNB & Civil Defence guys. A police investigation may take 2 to 3 years to close case too.
But i think its going to reward you richly if you are high risk taker as i predict the share price to hit 0.45 cts in a years' time. cheers
but the CAD investigation focus on the period from July 1, 2008 to March 31,2009. I don't think any major impact on the company right? again tat's my view only.
49 INVESTIGATION BY THE COMMERCIAL AFFAIRS DEPARTMENT
In April 2012, the company announced that it has been informed by Mr. Bertie Cheng Shao
Shiong, the Independent Director and Non-Executive Chairman of the company, and Mr. Phua
Chian Kin, the Group Executive and Managing Director, that they are the subject of
investigation by the Commercial Affairs Department (“CAD”) on possible contravention of
market rigging provisions in the Securities and Futures Act (Chapter 289). Mr. Cheng and Mr.
Phua have indicated that they will cooperate fully with the CAD in its investigation, and are
providing CAD with access to the relevant records for the period from July 1, 2008 to March 31,
2009.
The Board of Directors of the company are of the opinion that the involvement of Mr. Cheng
and Mr. Phua in the day to day matters of the group and the company is minimal. The group
and the company are run by a team of capable senior and middle managers, many of whom
have spent more than a decade building up the group and the company. The group and the
company continue to operate at an optimal level. Hence, the Board of Directors confirm that in
their opinion, the CAD investigation would not have any impact on the group and the company.
Ya, I like their mgt style too. btw PCK own more than 53% of the shares.
no problem friend,
honestly i observed this counter for a month, i wanted to get for its high dividend yield.
but on researching, found that the CAD probe its not over just that no sound no news or further updates. If you read analysts' reports, they dont mention this.
Im not saying it will, but it just may. Honestly i like this counter and the mgmt style, investors ' oriented and regional expansion plans.
If you are in, all the best. Hope all will be well
