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Trendlines Group ( (SG:42T) ) just unveiled an update.
Trendlines Group has received in-principle approval from the Singapore Exchange (SGX-ST) for the listing and quotation of up to 83,680,000 new ordinary shares on the Catalist board at a placement price of S$0.067 per share, marking a key step in its proposed share placement. The placement shares must be allotted within seven market days from the approval date, positioning the company to raise fresh equity capital and potentially strengthen its balance sheet and funding capacity, though the exchange emphasizes that its approval does not indicate any view on the merits of the company or the offering, and Trendlines has indicated it will provide further updates to shareholders as the process advances.
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., incorporated in Israel and listed on the Catalist board of the Singapore Exchange, operates as a publicly traded company focused on developing its business through access to equity capital markets. The company uses share placements and other listed-company financing tools to support its corporate and growth activities.
Average Trading Volume: 11,629,794
Technical Sentiment Signal: Buy
Current Market Cap: S$102.9M
For detailed information about 42T stock, go to TipRanks’ Stock Analysis page.