Tee Int’l

Tee Int’l: to lift halt at 11.15am . Proposes a spin off of its subsidiaries in the real estate business and a listing of the real estate business on the Main Board of SGX. The co has appointed SAC Capital as the financial adviser and issue mgr. Mgt highlights that the proposed restructuring is in its preliminary stages, and would be subject to SGX and shareholders approvals. The stock trades at 8.6x P/E, 1.9x P/B.