05 May 2017

TEE International - Disposal of a substantial stake to Yinda

Danny Lim and Chia Lee Fong have advised Singapore-listed TEE International, one of the controlling shareholders in Singapore-listed CMC Infocomm, on its disposal of a substantial stake in the company to Yinda, thereby triggering a mandatory general offer on the purchaser's part. CMC Infocomm group provides integrated communication solutions and services to communications network operators and communication network equipment vendors in Singapore, Malaysia, Thailand and the Philippines.