The Business Times
business-time-50

TT International enters S$125m term sheet agreement

google-preferred-sourceAdd BT as a preferred source
Published Fri, Feb 2, 2018 · 09:50 PM

Singapore

DISTRESSED consumer electronics trader TT International on Friday announced that it entered into a term sheet agreement on Jan 31 with an unnamed potential investor as part of the company's financial restructuring efforts.

The proposed investment, which can be worth up to S$125 million, will be undertaken by a fund set up by the said investor, and may take the form of either or both of a loan to TT International and a subscription to new TT International shares, according to a filing with the SGX on Friday.

tt international

TRENDING NOW

Above: Japan Home’s outlet at Eastpoint Mall in Simei. BT visited nine Japan Home stores on Tuesday and found three shuttered and a few others closed for “stocktaking”.

Japan Home closing outlets; staff say Valu$ taking over operations

“We will do what it takes to maintain and uphold the competitiveness of our financial services industry,” notes Chee Hong Tat, minister for national development and the deputy chairman of MAS.

MAS adds new asset-management incentives as competition from Hong Kong heats up

Located at 5 Jalan Sampurna, the freehold plot close to Holland Road now houses an about 10,000 sq ft bungalow built in the 1980s.

Oei Tiong Ham Park area GCB sold for S$31.3 million

Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

When every phone becomes a satellite phone, what happens to Asia’s telcos?

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More