Trendlines ends JV agreement with China PE firm
THE Trendlines Group on Tuesday said it has terminated an agreement with Shoushan Wealth Holdings.
The Israel-based medtech incubator had in August last year set up a joint venture with Chinese private-equity firm Shoushan Wealth to help Trendlines' medtech portfolio companies, as well as other Israeli, Singaporean and other medical companies, penetrate the Chinese market.
This included then helping companies establish manufacturing capabilities in China, obtain regulatory approval for the sale of products in China, and manage strategic partner relationships.
"The company intends to continue to seek similar and other business opportunities in China," Trendlines said.
Shares of Trendlines closed unchanged at S$0.12 on Tuesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
Sanofi Q1 profit slips on generic competition, forex effects
Toyota hits record annual output, sales on robust demand
Latest Singapore 6-month T-bill offering cut-off yield of 3.74% as applications dip
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Nissan, Mazda roll out new models for China as they aim for comeback