Investigation Launched into Suspected Misappropriation of Funds at Trendlines Group

Update on Trendlines Group’s Investigation

Trendlines Group has initiated an investigation into allegations of misappropriation of funds at its Singapore subsidiary, Trendlines Agrifood Innovation Centre. The company has taken this step to address concerns raised by stakeholders.

Details of the Investigation

According to the company, an employee is potentially involved in the alleged misappropriation of funds. However, the financial impact on the company’s finances for the year ending December 2024 is expected to be limited.

Company’s Response

Trendlines Group is cooperating fully with the authorities and has advised shareholders and investors to exercise caution due to the ongoing investigation.

Additional Resources

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