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Trendlines sees heavy trading after defending 19.3% premium in rights issue price

PC Lee
PC Lee10/4/2019 06:06 PM GMT+08  • 3 min read
Trendlines sees heavy trading after defending 19.3% premium in rights issue price
SINGAPORE (Oct 4): Shares of Trendlines Group, the investor of medical and agricultural technology startups, saw heavy trading on Friday after the group said its current market price "does not properly reflect the company's value".
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SINGAPORE (Oct 4): Shares of Trendlines Group, the investor of medical and agricultural technology startups, saw heavy trading on Friday after the group said its current market price "does not properly reflect the company's value".

This was in response to a query by the Singapore Exchange (SGX) asking why the firm had priced the rights shares at 10.5 cents, which is at a 19.3% premium to the counter's last trading price of 8.8 cents on Sept 26.

The regulator also wanted to know why shareholders would subscribe for these shares when they could purchase them from the market at a lower price.

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