TEE International JV to acquire waste management provider for S$18.5m
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Singapore
MAINBOARD-LISTED TEE International Limited (TEE), Catalist-listed Advancer Global Limited and a financial investor are acquiring privately held waste management provider Chiang Kiong Environmental for S$18.5 million.
The amount will be paid by the shareholders of the joint venture vehicle in proportion to their shareholding. The proposed acquisition is expected to be completed by Dec 29, 2017, they said in an exchange filing on Monday.
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