It will invest in early-stage companies.
Singapore-listed Trendlines Group has inked a Memorandum of Understanding with a multinational corporation (MNC) to form a fund which will focus on investments in early-stage companies.
Although negotiations are still underway, the MNC is expected to inject US$10m into the fund, which Trendlines will manage. The early-stage companies will become part of Trendlines Agtech – Mofet Ltd. and/or Trendlines Agtech Ltd.
Trendlines said that the MNC has demanded confidentiality with respect to the negotiations until a definitive agreement has been signed.
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