Brief: SGX Regco Investigates And Reports Tee International Limited's Late Disclosure Of Claims To Authorities

TEE International

17/02/2022 10:41

Feb 17 (Reuters) - 
    * SGX REGCO - INVESTIGATES AND REPORTS TEE INTERNATIONAL
LIMITED'S
LATE DISCLOSURE OF CLAIMS TO AUTHORITIES
    * SGX REGCO - AGGREGATED CLAIMS OF TEE INTERNATIONAL EQUAL
TO 10%
OF GROUP’S NET ASSET VALUE & CASH AND CASH EQUIVALENT BALANCES
    * SGX REGCO - AGGREGATED CLAIMS ARE MATERIAL INFORMATION
THAT
WOULD POTENTIALLY IMPACT THE GROUP’S ABILITY TO OPERATE AS A 
GOING CONCERN
    * SGX REGCO -EARLIER ANNOUNCEMENTS REVEALED THAT TEE, UNITS
RECEIVED 121 LETTERS OF DEMAND, OVERDUE CLAIMS FROM CREDITORS
BETWEEN JULY 2020 & JUNE 2021
    * SGX REGCO - LETTERS OF DEMAND AND OVERDUE CLAIMS AMOUNT TO
ABOUT
S$38.8 MILLION

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