"There has been continuous progress with the due diligence for the transaction," says Trendlines, adding that there is no assurance the deal will be completed.
The Trendlines Group (SGX:42T
) expects to receive proceeds of around $8 million if the sale of a portfolio company goes ahead.
According to Trendlines on Oct 29, a non-binding letter of intent for the acquisition was received on Oct 3.
