Trendlines Group ( (SG:42T) ) has shared an update.
Trendlines Group Ltd. has announced the findings of an independent investigation into the misappropriation of funds at its Singapore subsidiary, Trendlines Agrifood Innovation Centre Pte. Ltd. The investigation revealed that the misappropriation was conducted by Mr. Anton Wibowo, who was the CEO of the subsidiary and a director of a related entity during the period under review. This incident may impact the company’s operations and stakeholder trust, highlighting the need for improved oversight and financial controls.
More about Trendlines Group
Trendlines Group Ltd. is an Israeli company involved in the agrifood sector, with a focus on innovation and investment in agrifood technologies. The company operates through subsidiaries, including the Trendlines Agrifood Innovation Centre Pte. Ltd. in Singapore.
YTD Price Performance: -22.00%
Average Trading Volume: 332,638
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$42.59M
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