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.