The Trendlines Group Secures $3.42 Million Through Subscription Agreement with 11 Investors

The Trendlines Group has finalized a subscription agreement with 11 investors, issuing 51,447,751 new ordinary shares at 6.666 cents per share.

The transaction will generate gross proceeds of approximately $3.42 million.

The subscription is not underwritten, and no placement agent was appointed. The investors were introduced through a business contact of the company.

The subscribers include Khoo Thomas Clive, Tan San-Ju, Lee Oon Gim, Chia Soon Joo, Choo Chiau Beng, Wong Hong Eng, Ng Hwee Min, Seow Chuan Bin, Chan Siew Yin, Tan Poh Lee, and Teo Zheng Long.

Upon completion, their respective stakes in the enlarged share capital will range from 0.05% to 1.04%.

Khoo Thomas Clive, an existing Trendlines shareholder, also holds substantial stakes in Zixin Group, TOTM Technologies, and SHS Holding.

The company's total issued share capital will rise from 1,320,365,802 to 1,371,813,553 shares, with the new shares representing 3.90% of the current capital and 3.75% post-issuance.

The subscription price reflects a 10% discount to the volume-weighted average price (VWAP) of 7.41 cents per share on SGX-ST as of December 8.

Trendlines highlighted strong investor interest, citing oversubscribed past fundraising rounds.

Shares of Trendlines closed unchanged at 7.7 cents on December 9.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

1

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":509152932536592,"tweetId":"509152932536592","gmtCreate":1765337576508,"gmtModify":1765337583726,"author":{"id":4102068993518380,"idStr":"4102068993518380","authorId":4102068993518380,"authorIdStr":"4102068993518380","name":"TigerNews_SG","avatar":"https://community-static.tradeup.com/news/a01a68b5f150817d01a3315fdbcaa598","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":634,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"The Trendlines Group Secures $3.42 Million Through Subscription Agreement with 11 Investors","html":"<html><head></head><body>  \n<p>The Trendlines Group has finalized a subscription agreement with 11 investors, issuing 51,447,751 new ordinary shares at 6.666 cents per share.</p>  \n<p>The transaction will generate gross proceeds of approximately $3.42 million.</p>  \n<p>The subscription is not underwritten, and no placement agent was appointed. The investors were introduced through a business contact of the company.</p>  \n<p>The subscribers include Khoo Thomas Clive, Tan San-Ju, Lee Oon Gim, Chia Soon Joo, Choo Chiau Beng, Wong Hong Eng, Ng Hwee Min, Seow Chuan Bin, Chan Siew Yin, Tan Poh Lee, and Teo Zheng Long.</p>  \n<p>Upon completion, their respective stakes in the enlarged share capital will range from 0.05% to 1.04%.</p>  \n<p>Khoo Thomas Clive, an existing Trendlines shareholder, also holds substantial stakes in Zixin Group, TOTM Technologies, and SHS Holding.</p>  \n<p>The company's total issued share capital will rise from 1,320,365,802 to 1,371,813,553 shares, with the new shares representing 3.90% of the current capital and 3.75% post-issuance.</p>  \n<p>The subscription price reflects a 10% discount to the volume-weighted average price (VWAP) of 7.41 cents per share on SGX-ST as of December 8.</p>  \n<p>Trendlines highlighted strong investor interest, citing oversubscribed past fundraising rounds.</p>  \n<p>Shares of Trendlines closed unchanged at 7.7 cents on December 9.</p>  \n <a href=\"https://ttm.financial/S/42T.SI\">$(42T.SI)$</a></body></html>","htmlText":"<html><head></head><body>  \n<p>The Trendlines Group has finalized a subscription agreement with 11 investors, issuing 51,447,751 new ordinary shares at 6.666 cents per share.</p>  \n<p>The transaction will generate gross proceeds of approximately $3.42 million.</p>  \n<p>The subscription is not underwritten, and no placement agent was appointed. The investors were introduced through a business contact of the company.</p>  \n<p>The subscribers include Khoo Thomas Clive, Tan San-Ju, Lee Oon Gim, Chia Soon Joo, Choo Chiau Beng, Wong Hong Eng, Ng Hwee Min, Seow Chuan Bin, Chan Siew Yin, Tan Poh Lee, and Teo Zheng Long.</p>  \n<p>Upon completion, their respective stakes in the enlarged share capital will range from 0.05% to 1.04%.</p>  \n<p>Khoo Thomas Clive, an existing Trendlines shareholder, also holds substantial stakes in Zixin Group, TOTM Technologies, and SHS Holding.</p>  \n<p>The company's total issued share capital will rise from 1,320,365,802 to 1,371,813,553 shares, with the new shares representing 3.90% of the current capital and 3.75% post-issuance.</p>  \n<p>The subscription price reflects a 10% discount to the volume-weighted average price (VWAP) of 7.41 cents per share on SGX-ST as of December 8.</p>  \n<p>Trendlines highlighted strong investor interest, citing oversubscribed past fundraising rounds.</p>  \n<p>Shares of Trendlines closed unchanged at 7.7 cents on December 9.</p>  \n <a href=\"https://ttm.financial/S/42T.SI\">$(42T.SI)$</a></body></html>","text":"The Trendlines Group has finalized a subscription agreement with 11 investors, issuing 51,447,751 new ordinary shares at 6.666 cents per share. The transaction will generate gross proceeds of approximately $3.42 million. The subscription is not underwritten, and no placement agent was appointed. The investors were introduced through a business contact of the company. The subscribers include Khoo Thomas Clive, Tan San-Ju, Lee Oon Gim, Chia Soon Joo, Choo Chiau Beng, Wong Hong Eng, Ng Hwee Min, Seow Chuan Bin, Chan Siew Yin, Tan Poh Lee, and Teo Zheng Long. Upon completion, their respective stakes in the enlarged share capital will range from 0.05% to 1.04%. Khoo Thomas Clive, an existing Trendlines shareholder, also holds substantial stakes in Zixin Group, TOTM Technologies, and SHS Holding. The company's total issued share capital will rise from 1,320,365,802 to 1,371,813,553 shares, with the new shares representing 3.90% of the current capital and 3.75% post-issuance. The subscription price reflects a 10% discount to the volume-weighted average price (VWAP) of 7.41 cents per share on SGX-ST as of December 8. Trendlines highlighted strong investor interest, citing oversubscribed past fundraising rounds. Shares of Trendlines closed unchanged at 7.7 cents on December 9. $(42T.SI)$","highlighted":1,"essential":1,"paper":2,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/509152932536592","repostId":0,"isVote":1,"tweetType":1,"viewCount":17,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["42T.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1104,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/509152932536592"}