Local SME Tee Hai Chem sells 51% stake to German MNC, teams up to go global
The firm hopes to accelerate growth by tapping Brenntag's global network to further expand its reach
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Singapore
SPECIALITY chemicals distributor Tee Hai Chem on Thursday sold a 51 per cent stake to German chemical distribution giant Brenntag for a sum estimated to be S$200-300 million.
Following the transaction, the family behind Tee Hai Chem, which include executive director Han Koon Juan and his three siblings, will become minority shareholders.
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