SUBSCRIBERS

Tee Land's offeror plans to restore free float

Vivienne Tay

Vivienne Tay

Published Wed, Mar 18, 2020 · 09:50 PM

Singapore

THE proportion of shares of mainboard-listed Tee Land in the hands of the public has fallen below a key threshold following a cash offer.

This means the Singapore Exchange may suspend trading of the developer's shares at the close of the offer on March 20.

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Copyright SPH Media. All rights reserved.