Author: leahlim   |   Latest post: Thu, 27 Feb 2020, 3:28 PM


Amcorp to buy over TEE Land from TEE International for $55 million

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SINGAPORE (Jan 13): Malaysia’s Amcorp Group plans to pay just over $55 million for a controlling stake in local developer TEE Land.
Amcorp, controlled by Tan Sri Azman Hashim, will buy a 63.28% stake in TEE Land from its existing parent company, TEE International. It will also buy over a separate 5.5% stake in TEE Land held directly by TEE International’s controlling shareholder, Phua Chian Kin, popularly known as CK.


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