SINGAPORE (Sept 15): Phua Chian Kin, the controlling shareholder of Mainboard-listed TEE International, could be selling his shares in the company to certain third-party purchasers.

In a bourse filing late on Friday night, TEE International announced that Phua has received offers for the company’s shares held by him. He currently has a direct interest of 39.24% and a deemed interest of 6.37%.

Phua on Sept 13 had informed the integrated engineering, real estate and infrastructure group that he is currently in negotiations for the sale of part of his shares in the company.

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