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TEE LAND
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Everyday
Elite |
17-Feb-2023 18:18
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COMPLETION OF SALE OF THE LARMONT HOTEL BY SUBSIDIARIES (S$42.55m) https://links.sgx.com/1.0.0/corporate-announcements/UJ36O5DM582GNR5Y/2fb20f8f8f110e7be6e55c5b792e2e28c49c7bdad421d8f25f4d89e0e44e6e1c |
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SmallSmall
Supreme |
14-Oct-2021 09:48
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Still along way to recover back to $0.17
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SmallSmall
Supreme |
13-Oct-2021 16:04
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This one better not short. GO last byear @ $0.17. Now 87.6% owned by AMCORP listed on KLSE. NAV $0.2051 |
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Joelton
Supreme |
21-Oct-2020 09:08
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Amcorp Global given nod to resume trading
AMCORP Global, formerly known as Tee Land, has been given the nod by the Singapore Exchange regulators for the lifting of the suspension on trading in the company' s shares.
The developer' s shares will resume trading on Oct 21, on the back of the restoration of the free float.
As at Oct 20, 1,091 public shareholders were holding about 55.3 million shares, representing 12.37 per cent of the total issued and fully paid-up share capital of the company. This complies with the requirement that at least 10 per cent of the total shares are held by at least 500 shareholders who are members of the public.
Previously, the percentage of shares owned, controlled or agreed to be acquired by offeror Amcorp Group exceeded the minimum in public' s hand to qualify as a free float.
In February, mainboard-listed Tee International completed the sale of its 63.3 per cent stake in Tee Land to a unit of Malaysia' s Amcorp Group for S$50.6 million.
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Joelton
Supreme |
26-Aug-2020 08:52
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Amcorp gives notice of three years' of losses
MAINBOARD-LISTED Amcorp Global, formerly known as Tee Land, gave notice of recording three consecutive years' of losses on Tuesday after the market close.
Based on audited full-year consolidated accounts, the firm has run up pre-tax losses for the last three financial years, said Amcorp.
Its six-month average daily market cap as of Aug 25 was S$79.5 million.
Firms are placed on the Singapore Exchange' s watch-list if they record losses for the three latest consecutive financial years, and have an average daily market cap of under S$40 million over the last six months.
Trading in Amcorp' s shares has been suspended, with the counter having last traded at 17.9 Singapore cents on March 18.
This was after it lost its free float, as the percentage of shares in the hands of the public fell below the required 10 per cent.
On July 1, Amcorp said it had been granted an extension of time until Oct 20 to restore its free float and remained " firmly committed" to conducting a private placement.
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TA_Expert
Supreme |
21-Mar-2020 19:11
Yells: "The World has changed" |
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As expected, showing patterns liao.
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ysh2006
Supreme |
21-Mar-2020 19:07
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Any forumer interested ?
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ysh2006
Supreme |
21-Mar-2020 09:51
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They are forced to buy all remainding shares from those six persent holders not selling to them!...Later Tee Land will placed out to 500 maybe own people at a deep discount to regain the listing status (I think only) So LPPL than can pledge shares to finance company to take loan and controlled, sure no drop one. 
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Joelton
Supreme |
19-Mar-2020 09:56
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Tee Land' s offeror plans to restore free float WED, MAR 18, 2020 - 10:18 AM MAINBOARD-LISTED Tee Land on Tuesday disclosed that it has lost its free float. This means the Singapore Exchange may suspend trading of the developer' s shares at the close of the offer on March 20, 5.30pm. As at 5pm on Tuesday, the number of shares owned, controlled or agreed to be acquired by offeror Amcorp Group stood at 91.06 per cent. Amcorp plans to restore the free float, so as to lift the trading suspension and keep Tee Land listed. This is by undertaking or supporting any action which ensures at least 10 per cent of the total number of shares - excluding treasury shares - are held by at least 500 shareholders who are members of the public. However, there is no assurance that timely and appropriate actions can be taken as these are dependent on prevailing market conditions at the relevant time, Tee Land said in a regulatory update. In a separate announcement, Tee Land said it will hold an extraordinary general meeting on April 9 for its shareholders to vote on the proposed disposal of Tee Industrial to Tee International and the proposed name change to Amcorp Global Limited. Tee Land shares closed flat at 17.8 Singapore cents on Tuesday. https://www.businesstimes.com.sg/companies-markets/tee-lands-offeror-plans-to-restore-free-float |
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eric998
Supreme |
30-Mar-2017 17:13
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looks like positive catalyst. The Group is currently exploring opportunities to realise value in its investments in the two Australian hotels. It has received enquiries from interested parties, and will continue to engage them in discussion. Assets classified as held for sale of S$79.4 million comprised the two hotels in Australia. The intention was to dispose the hotels in order to realise their value. Demand for workers&rsquo accommodation in Christchurch, New Zealand will remain stable as the rebuilding work of Christchurch will carry on for many more years.
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eric998
Supreme |
30-Mar-2017 16:44
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NAV 35.8cents but share price 18.5 cents (as of yesterday).. seems got activity.. |
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treetops
Elite |
21-Apr-2015 17:11
Yells: "Moments Today, Memories Tomorrow!" |
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Tee International (TEE) reported that its 3QFY15 PATMI dipped 76.5% YoY to S$0.13m mostly due to weaker gross margins, and higher admin and finance expenses. In particular, we note that admin expenses increased 14.5% YoY (S$0.7m) given marketing costs incurred for a property development project in Malaysia by TEE Land. 9MFY15 PATMI cumulates to S$2.9m, down 5.6% YoY, which we deem to be below expectations. We revise our FY15 forecast downwards to S$6.0m and introduce FY16 estimates of S$8.8m. The group&rsquo s order book for the engineering segment now stands at S$410m, and major projects include Marina One, Tampines Hub and Changi Airport, as well as MDIS Educity@Iskandar, St Regis and The Parisian in Macao.
TEE also recently expanded into the energy infrastructure space and, in Feb 2015, entered into a JV agreement to construct a 25 MW greenfield power plant in Iligan, Philippines and a power sales agreement to supply power to a nearby cement plant and to the City of Iligan, Mindanao. The total off-take of the two power sales agreement will amount to 20 MW out of the total 25 MW capacity. We understand that the group is looking to further expand their energy portfolio in the Philippines.
Looking ahead, the group expects the competitive operating environment to stay challenging and will take a prudent stance in evaluating growth prospects in Singapore and the region. That said, while management are cautious on the muted property market in Singapore and Malaysia, it is confident of the long term prospects of the real estate market in Thailand, New Zealand and Australia and the group&rsquo s real estate subsidiary, Tee Land, has recently acquired another hotel in Sydney, Australia, and a property in Christchurch, New Zealand. We have a HOLD rating on TEE with a fair value estimate of S$0.24. |
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Buddha_E
Member |
21-Apr-2015 16:45
Yells: "Always live to fight another day!" |
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any info on Tee International and Tee Land. appreciate very much. Thanks
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treetops
Elite |
21-Apr-2015 16:37
Yells: "Moments Today, Memories Tomorrow!" |
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You buy Tee international 15 lots, it give you 1 lot free Tee Land. XE in early MAY.
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Buddha_E
Member |
21-Apr-2015 16:34
Yells: "Always live to fight another day!" |
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look interesting. any brothers and sisters interested to fill me in on this company. any informations will be greatly appreciate. Tee Land Q3 profit drops 66%http://www.businesstimes.com.sg/companies-markets/tee-land-q3-profit-drops-66 Due to the cooling measures. No much of players on this stock
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imperialap
Member |
11-Feb-2015 18:02
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Anyone looking at Tee Land? The price seems close to pre-IPO investors at current levels. |
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greenteaapple
Member |
12-Jan-2015 11:43
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TEE Land Q2 profit jumps 46% on revenue surgeBy Mindy Tan [email protected] @MindyTanBT
12 Jan9:23 AM
TEE Land' s net profit for the second quarter ended November 2014 rose 46 per cent to S$2.42 million, on the back of revenue jumping from S$2.44 million to S$15.12 million... |
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shygiraffe
Member |
08-Jan-2014 08:35
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guoyanyunyan
Supreme |
06-Sep-2013 20:38
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INDEPENDENT AUDITORS? REPORT TO THE MEMBERS OF TEE LAND LIMITED Opinion In our opinion, the consolidated financial statements of the group and the statement of financial position and statement of changes in equity of the company are properly drawn up in accordance with the provisions of the Act and Singapore Financial Reporting Standards so as to give a true and fair view of the state of affairs of the group and of the company as at May 31, 2013 and of the results, changes in equity and cash flows of the group for the financial year ended on that date and changes in equity of the company for the financial year from December 18, 2012 (date of incorporation) to May 31, 2013. Emphasis of Matter We draw attention to Note 38 to the financial state ments which indicates that two directors of the ultimate holding company are the subject of investigation by the Commercial Affairs Department on possible contravention of market rigging provisions in the Securities and Futures Act (Chapter 289). Our opinion is not modified in respect of this matter. Report on Other Legal and Regulatory Requirements In our opinion, the accounting and other records required by the Act to be kept by the company and by those subsidiaries incorporated in Singapore of which we are the auditors have been properly kept in accordance with the provisions of the Act. Deloitte & Touche LLP Public Accountants and Chartered Accountants Singapore September 5, 2013 |
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teeth53
Supreme |
06-Jul-2013 20:45
Yells: "don't learn through life, learn to grow with life " |
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This coming week play Some volatility, but be cautious on property play.
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