Continue reading this on our app for a better experience

Open in App
Home News Medtech

Trendlines is impacted by Hamas invasion, company says

The Edge Singapore
The Edge Singapore  • 1 min read
Trendlines is impacted by Hamas invasion, company says
Trendlines says company may be affected by Hamas invasion in southern Israel
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Israel-based Trendlines Group 42T -

, a medtech and agrifood company listed on Catalist announced it is affected by the devastating attack by Hamas on Israel.

“On Saturday, 7 October 2023, a Jewish holiday and the Sabbath, Israel suffered an unprecedented terrorist attack on its civilian population from the Gaza area,” the company said.

Although Trendlines’ operations are not in the vicinity of the military activities in southern Israel, the invasion and massacre by Hamas affects Trendlines as staff are likely to be called up for army duty.

Under Israel's conscription system, citizens, after serving a full-time stint in the armed forces, can still be recalled for service.

Chief military spokesperson Rear-Admiral Daniel Hagari said on Monday, Oct 9 that the country has drafted a record 300,000 reservists in its response to the attacks.

 

See also: Biolidics reallocates $670,000 of rights issue proceeds to Biomedics Lab acquisition

“Based on previous experience, the Company does not anticipate significant impact on its operations; limited impact is anticipated on some portfolio companies’ operations,” it says in a statement. 

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2024 The Edge Publishing Pte Ltd. All rights reserved.