This offer comes three weeks after the announcement that Amcorp plans to buy over a combined 68.78% stake in TEE Land from its parent TEE International and from Phua Chian Kin, TEE International’s controlling shareholder.
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.
Jho Low, as he is better known, was put on the Interpol Red Notice by Singapore back in October 2016, after investigations commenced on 1MDB-related fund flows involving Singapore-based banks.
This translated to earnings per share of 0.370 (Singaporean) cents for 3Q19, compared to 0.107 cents in 3Q18.
Singapore’s industrial property market could bottom out soon as macroeconomic forces gather strength.
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