Brief: Tee International Gets Order Under Criminal Procedure Code To Produce Documents To CAD

TEE International

18/02/2022 07:51

Feb 18 (Reuters) - TEE International Ltd  TEEI.SI :
    * RECEIVED AN ORDER UNDER CRIMINAL PROCEDURE CODE TO PRODUCE
VARIOUS DOCUMENTS TO COMMERCIAL AFFAIRS DEPARTMENT
    * UNDERSTANDS THAT SGX REGCO HAS COMMENCED INVESTIGATIONS
    * ALL INDEPENDENT DIRECTORS AND NON-EXECUTIVE DIRECTOR AND
ONE
MANAGEMENT PERSONNEL WERE INTERVIEWED BY CAD ON 17 FEB AND 18
FEB
    * WILL COOPERATE FULLY WITH CAD ON ITS INVESTIGATIONS
    * NOTED THAT EXECUTIVE DIRECTORS AND KEY MANAGEMENT
PERSONNEL OF
GROUP DURING JAN 2020-JULY 2021 HAVE SINCE RESIGNED FROM GROUP
    * INVESTIGATIONS NOT EXPECTED TO AFFECT ON-GOING DEBT
RESTRUCTURING EXERCISE OF GROUP
    * INVESTIGATIONS NOT EXPECTED TO AFFECT BUSINESS AND
OPERATIONS OF
GROUP AS THEY APPEAR TO RELATE TO PAST MATTERS

Source text for Eikon:  ID:nSN833jpS 
Further company coverage:  TEEI.SI 

 ((Reuters.Briefs@thomsonreuters.com;))