The Trendlines to Raise Nearly SG$6 Million Through Share Placement; Shares Up Over 5%
MT Newswires
Jan 07
The Trendlines (SGX:42T) expects to raise around SG$5.6 million through the placement of up to 83.7 million shares at SG$0.067 per share, according to a Wednesday filing with the Singapore Exchange.
SAC Capital has been nominated as the placement agent, while Maybank Securities will act as a sub-placement agent for the activity.
Proceeds raised from the placement will be used for direct and indirect investments into existing portfolio companies, working capital and for administrative and operational expenses.
Shares of the agrifood and healthcare company were up over 5% in Wednesday trading.
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