Tee Land-linked Chewathai appoints financial adviser ahead of planned Thai listing

SINGAPORE - Tee Land-linked developer Chewathai (CWT) has appointed its financial adviser ahead of its proposed listing, Tee Land announced on Jul 30.

It has appointed RHB OSK Securities (Thailand) for its proposed listing on the Stock Exchange of Thailand.

The Thai developer, develops projects for sale and constructs ready-built factories for rental.

CWT's completed portfolio includes three residential projects and 10 ready-built factories.

Tee Land said in a statement: "Shareholders should note that the proposed listing is in its preliminary stages and contingent on, inter alia, governmental and regulatory approvals being obtained and market conditions being favourable."

It added that shareholders will be updated of any material developments regarding the proposed listing.