TEE Land aims to raise $58m from IPO
PHOTO: 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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