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The latest update is out from Trendlines Group ( (SG:42T) ).
Trendlines Group Ltd. has announced a proposed non-renounceable, non-underwritten rights issue, offering up to 136,506,756 rights securities on the basis of one rights security for every eight existing ordinary shares. This move is aimed at raising capital and potentially strengthening the company’s financial position. The rights issue will be available to entitled shareholders as of the record date, with the shares trading on a cum-rights basis until July 25, 2025, and on an ex-rights basis from July 28, 2025. Shareholders will have the option to accept, decline, or apply for additional rights shares, which could have implications for the company’s market positioning and stakeholder interests.
More about Trendlines Group
Trendlines Group Ltd. is incorporated in Israel and operates within the financial sector. The company is engaged in providing investment services and focuses on facilitating growth and development in various industries through strategic financial solutions.
Average Trading Volume: 457,941
Technical Sentiment Signal: Sell
Current Market Cap: S$34.95M
For a thorough assessment of 42T stock, go to TipRanks’ Stock Analysis page.