TEE Internationalto look into unauthorised transactions totalling S$6.55 million made by its subsidiaries to related parties. The transactions, which took place from July 2018 to May 2019, were allegedly made under the instruction of group chief executive and managing director Phua Chian Kin, said TEE International. Shares of TEE International closed at 4.6 Singapore cents on Friday, up 2.2 per cent or 0.1 Singapore cent.
Mr Quek, 49, will relinquish his role on Sept 16 after about four years with the mainboard-listed group as it seeks to expand its operations beyond its two strongholds in Singapore and Malaysia. Thomson Medical shares closed flat at S$0.057 on Friday.in Irving, Dallas from KBS SOR 125 John Carpenter for US$101.5 million.
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