SINGAPORE (Apr 15): TEE International is proposing a spinoff of its infrastructure business which will be listed on the Catalist board of the Singapore Exchange.

According to its filing on Monday, the spinoff group will consist of a 50.1% stake in G3 Environmental Private Limited, which offers a full suite of waste management solutions, including onsite and offsite waste management, collection and transport of waste, and processing of recyclables such as paper and plastics.

The spinoff group will also hold a 21.05% stake in PowerSource Philippines Distributed Power Holdings, Inc., which plans to expand its power business by exploring opportunities in the renewable energy segment and owns a 25MW greenfield thermal hybrid power plant in the Philippines.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook