Sumary of Trendlines shelves plans to dual-list on Tel Aviv bourse:
- SINGAPORE (THE BUSINESS TIMES) – Singaoire-listed The Trendlines Group said on Thursday (July 22) that it will drop its plan for a proposed dual primary listing and securities offer on the Tel Aviv Stock Exchange (TASE) in Israel.
- ” Trendlines, which is an investor in early-stage companies, had previously announced in April that it was pursuing a dual primary listing in Israel, which it said will be beneficial for the company, and is in the interest of shareholders.
- Trendlines chief executives previously told The Business Times in an interview that there is greater familiarity in Israel than Singapore for companies with similar business models.
- Trading of its shares on the TASE started on July 5. In Thursday’s announcement, Trendlines also reaffirmed that the acquisition of a portfolio company, previously announced in April, remains current.