Monday, June 3, 2013

Tee Land Limited

Tee Land Limited

Download the Prospectus here


Offer Price: $0.54
Offer Size: 115m new shares
Public Tranche – 6m shares
Placement Tranche – 109m shares

NAV per share (post-IPO): S$0.3149
Historical PE: 136.7x (FY12)
Market Cap (post-IPO): S$241.3m
Open: 30 May 2013
Close: 4 June 2013 12pm
Trading: 6 June 2013 9.00 a.m. (on “ready” basis)


Introduction
Tee Land Limited (“TEE Land” or the “Group”) are a property developer with an established track record in delivering quality and well-designed residential property developments in Singapore. Its property development projects are pre-dominantly freehold in tenure and are targeted at middle-to-high income consumers who value exclusivity in good locations. Whilst the group continue to specialize in residential property developments, they are expanding into commercial and industrial property development projects. Leveraging on their experience and expertise in property development in Singapore, they have also extended our geographical reach to Malaysia, Thailand and Vietnam.









Financial Highlight


 Use of IPO Proceed




Dilution