Tee International secures US$15m investment from Pierfront Capital

Singapore

TEE International, an engineering, infrastructure and real estate group, said on Tuesday that it has secured a US$15 million investment from Pierfront Capital Mezzanine Fund, a Temasek group investment company which focuses on growth capital for asset and corporate acquisition, refinancing and project expansion.

Going forward, some plans that TEE is exploring include expanding its wastewater treatment plant business in Thailand. Its first hybrid thermal power plant in Iligan, Philippines is expected to be commissioned and will start operations in the second half of 2018.