Thursday 16 June 2016

SGX Update : Trendlines says associate ET View Medical in talks with potential buyer .

SINGAPORE (June 17): Trendlines Group says associated company ET View Medical (ETView) is in talks with a potential buyer for US$16 million ($21.58 million).

In a statement on Friday, the Israeli incubator of tech start-ups in the medical and agricultural fields said ETView will be delisted from the Tel Aviv Stock Exchange (TASE) should the deal follow through, as the sale is based on the structure of a reverse triangular merger.

Trendlines currently owns 26.46% of ETView. As at end March, the fair value of the group's holdings in ETView was US$1.3 million.

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