Librae Holdings Limited, a company related to Vincent Tchenguiz, invests at SGD 0.105 per share.
Vincent Tchenguiz is best known for his multibillion-pound real estate portfolio. In the past three years, he has diversified his investments with increased focus on biotechnology and planet-related technologies and built a $350 million technology VC portfolio managed by a strong tech investment team. Many of his investments are in incubators, venture funds, and several medical companies in Israel.
Tchenguiz also noted that “today our investments are focused on Europe, Israel, and the United States, but we have been looking at Singapore as a target for a long time, and we view Trendlines as an avenue into that important market. We believe we could provide new markets for the underlying companies and very much like the concentration in agritech and medical devices that fit on developing financial model both in health care and planet ecosystem which includes agritech/food tech and cleantech.”
Librae Holdings will purchase 103.6 million new ordinary shares in the capital of Trendlines, representing about 14.55% of the enlarged share capital of Trendlines following the placement. Librae Holdings will purchase the shares at a price of SGD 0.105 per share and for total consideration of SGD 10.88 million ($8 million at the exchange rate of $1.00 = SGD 1.360).
News of this announcement appeared in ABC-7, DealStreet Asia, Globes (English), Globes (Hebrew), Maybank KE Research Report, PhillipCapital Singapore Morning Note, The Business Times, The Edge, The Straits Times