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TEE Land chairman Lee buys shares amid 'strategic review'

Chan Chao Peh
Chan Chao Peh1/21/2019 07:30 AM GMT+08  • 3 min read
TEE Land chairman Lee buys shares amid 'strategic review'
SINGAPORE (Jan 21): TEE Land chairman Lee Bee Wah has bought 108,000 shares from the market a month after the boutique developer’s parent company TEE International announced a “strategic review” of the company.
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SINGAPORE (Jan 21): TEE Land chairman Lee Bee Wah has bought 108,000 shares from the market a month after the boutique developer’s parent company TEE International announced a “strategic review” of the company.

On Jan 14, Lee paid $18,628 for the shares, which brought her total holdings to just below two million shares, or 0.45% of the company, from 0.42% previously.

TEE International, which is in the engineering and infrastructure business, is the controlling shareholder of TEE Land. According to TEE Land’s annual report, as at Aug 31, 2018, TEE International held a direct stake of 52.09% and a deemed stake of 11.19% in the company.

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