FINWIRES · TerminalLIVE
FINWIRES

Trendlines, Controlling Shareholder to Invest Combined $1.4 Million in Portfolio Firms

By

Trendlines Group (SGX:42T) said its board approved a capital injection into portfolio companies Ceretrieve and Vensica Medical by controlling shareholder Librae Holdings.

Shares of the agrifood and med-tech company were down over 1% in Tuesday's afternoon trade.

Librae will invest around $850,000 in the units. Additionally, Trendlines will infuse a total of $550,000 to the portfolio firms, according to a Monday filing with the Singapore Exchange.

The funding is aimed at supporting the ongoing operations of the portfolio companies and helping them achieve successful exits, the filing said.

Ceretrieve develops neurointerventional devices, while Vensica Medical specializes in bladder-targeted therapies.

Related Articles

Asia

South West Pinnacle Exploration Bags New Orders Worth INR227 Million

South West Pinnacle Exploration (NSE:SOUTHWEST, BOM:543986) has secured three work orders worth a total of 226.8 million Indian rupees for exploration, drilling, and related support services, according to a Tuesday filing to the Indian stock exchanges.The company received two letters of award totaling 96.8 million Indian rupees from Odisha Lift Irrigation Corporation for the installation of successful deep borewells for a solar pumping system in Odisha, India.It also got a work order of 130 million rupees from Hindmetal Exploration Services for the exploration, drilling, and support services in the state of Rajasthan.The three projects will be executed in the current financial year.

BOM:543986NSE:SOUTHWEST
Asia

Shenzhen Airport Logs 2.7% Rise in April Passenger Throughput

Shenzhen Airport (SHE:000089) passenger throughput rose 2.7% year over year to 5.5 million in April, according to a Tuesday filing with the Shenzhen bourse.Cargo and mail throughput increased 1.6% to 169,800 tons.Aircraft movements, or takeoffs and landings, rose 2.3% to 36,770.

SHE:000089
Asia

Mani Books Dividend Income From Overseas Units

Mani (TYO:7730) received dividend income of 2.22 billion yen from three consolidated overseas subsidiaries as part of its group cash management strategy, according to a Tuesday filing on the Tokyo Stock Exchange.The dividends came from Mani Medical Hanoi, Mani Hanoi, and Mani Medical India Private Limited, and were received on April 28.The company said it will book the amount as non-operating income in its standalone financial statements for the fiscal year ending August 2026.

TYO:7730