Corporate digest

TEE International

TEE International and its subsidiary TEE Land issued profit guidances last Friday after markets closed for the week, warning that they expect a loss for the second quarter and half-year ended Nov 30, 2017. This was mainly attributed to an impairment loss of S$6.2 million on the proposed disposal of the group's shareholding in its 31.88 per cent owned Thai associate, Chewathai Public Company Limited; as well as an impairment loss of S$1.8 million for the unsold units in Peak I held by its subsidiary, TEE Land.

Straits Trading