Trendlines Group (SG:42T) has released an update.
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Trendlines Group has initiated an investigation into suspected misappropriation of funds at its Singapore subsidiary, Trendlines Agrifood Innovation Centre. An employee is potentially involved, but the company believes the financial impact will not be substantial for the year ending December 2024. The company is cooperating with authorities and advises caution to shareholders and investors.
For further insights into SG:42T stock, check out TipRanks’ Stock Analysis page.
