CATALIST-LISTED startup incubator The Trendlines Group announced on Monday that it will be receiving a S$10.88 million injection from Librae Holdings Limited , a company related to UK business tycoon Vincent Tchenguiz.
The price represents a 35 per cent premium to Trendlines' volume weighted average price of S$0.078 on July 19, and LH will hold 14.55 per cent of the enlarged share capital of Trendlines following the placement. He added that while his investments have been focused on Europe, Israel and the US, he views Trendlines as an avenue into Singapore, an important market.
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