Brief: Trendlines Says Portfolio Company Received Non-Binding Letter Of Intent For Acquisition

Trendlines

06/04/2021 02:18

April 6 (Reuters) - Trendlines Group Ltd  THET.SI :
    * TRENDLINES GROUP LTD - A PORTFOLIO COMPANY OF CO RECEIVED
A
NON-BINDING LETTER OF INTENT FROM A PUBLIC CORPORATION FOR
ACQUISITION OF PORTFOLIO CO
    * TRENDLINES GROUP - TRANSACTION EXPECTED TO HAVE MATERIAL
POSITIVE IMPACT ON EARNINGS PER SHARE OF GROUP FOR FY ENDING 31
DEC 2021
    * TRENDLINES GROUP - BASED ON LOI, AS RECEIVED, CO'S MINIMUM
SHARE
OF SALE PROCEEDS TO BE RECEIVED IN CASH ESTIMATED TO BE ABOUT
SGD 19 MILLION

Source text for Eikon:  ID:nSNZ8rdlVF 
Further company coverage:  THET.SI 

 ((Reuters.Briefs@thomsonreuters.com;))