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Trendlines Group ( (SG:42T) ) has shared an announcement.
Trendlines Group has launched a proposed private placement to raise S$5.6 million by issuing new shares representing roughly 5.75% of its enlarged share capital to a group of institutional and accredited investors, including clients managed by Lion Global Investors. The majority of the funds will be channelled into follow-on investments in selected portfolio companies, enabling Trendlines to maintain its stakes and capture more value as these businesses mature, a move that underscores confidence from new investors and supports the group’s strategy of achieving meaningful exits and long-term returns for shareholders.
The most recent analyst rating on (SG:42T) stock is a Hold with a S$0.08 price target. To see the full list of analyst forecasts on Trendlines Group stock, see the SG:42T Stock Forecast page.
More about Trendlines Group
Trendlines Group Ltd is an Israel- and Singapore-based company that builds value through innovation-driven medical and agrifood technologies, focusing on nurturing and investing in portfolio companies in these sectors as they mature toward commercialization and potential exits.
Average Trading Volume: 12,105,094
Technical Sentiment Signal: Buy
Current Market Cap: S$101.5M
For a thorough assessment of 42T stock, go to TipRanks’ Stock Analysis page.