TEE Land aims to raise $58m from IPO

TEE Land aims to raise $58m from IPO

PROPERTY developer TEE Land launched its initial public offering (IPO) yesterday with the aim of netting proceeds of $57.8 million.

TEE Land, which is the development unit of mainboard-listed TEE International, will offer 115 million shares at 54 cents apiece - six million to retail investors and the rest on placement.

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