“The company strives to always make the best decision for all stakeholders, taking into account multiple factors and demonstrating flexibility when necessary,” reads the statement put out by The Trendlines Group on SGX on July 22.
The Trendlines Group will not continue with its proposed dual primary listing and securities offer on the Tel Aviv Stock Exchange (TASE) in Israel.
This is due to several factors including the current general economic and capital market conditions, which “are not favourable to the company”.
