Tee International seeks extension to submit revised trading resumption proposal

It requested the extension after signing a second supplemental agreement with Meta5.

Mainboard-listed Tee International has sought additional time to submit its revised trading resumption proposal to the Singapore Exchange Securities Trading Limited (SGX-ST).

In a bourse filing, Tee International explained that it signed a second supplemental agreement with Meta5 to stipulate the extension of the longstop date to 31 March 2024.

On 18 August 2022, Tee International and Meta5 entered a conditional subscription agreement.

Under the agreement, Tee International will issue new shares worth $7.5m.

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