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Tee Int'l needs to step up corporate governance

Key figures during time of questionable transactions still hold key posts; issues of internal control and risk management remain.

In early March 2020, it was announced the CAD was looking into the transactions, while SGX Regco was looking into potential breaches of listing rules. It was not the first time TIL was in the news for alleged legal breaches.

ON MARCH 3, 2020, Tee International Limited (TIL) released a 13-page Executive Summary of the External Investigator's Report on the questionable transactions involving its controlling shareholder and former group chief executive (GCE) and managing director (MD), Phua Chian Kin (PCK). The...

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