The Trendlines Group has entered into a Memorandum of Understanding with Haier Hai Chuanghui Incubator and Ventures, a subsidiary of Haier Group Corporation, based in China.
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Stock price |
15.8 c |
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52-week range |
13.6 – 20.5 c |
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PE (ttm) |
-- |
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Market cap |
S$80 m |
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Shares outstanding |
509 million |
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Dividend |
-- |
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Year-to-date return |
5.3% |
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Source: Bloomberg |
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Trendlines, with operations in Israel, Singapore, and China; invests in and develops innovation-based medical and agricultural technologies.
Trendlines and Haier HCH will explore ways to collaborate in developing new technologies, solutions and products, deal flow and, investments; supporting Trendlines' portfolio companies in China, supporting Haier HCH’s entrepreneurs in Israel, among other opportunities.
The Haier Group, founded in China in 1984, is among the world’s leading manufacturers of major household appliances, with annual sales of approximately US$31 billion.
In recent years, the Haier Group has transformed itself from a traditional manufacturer to an open entrepreneurship platform, investing in disruptive innovations.
Haier HCH is a national platform founded by the Haier Group in 2014, which, by the end of 2016, had developed 15 innovation and entrepreneurship sites supporting 108 incubators, 3,600 incubation projects, and 1,333 venture capital investments totalling US$1.8 billion.
  Further to our deep relationships with B. Braun Melsungen AG and Bayer Crop Science LLC, the MOU with Haier HCH extends Trendlines’ track record in building substantial partnership networks with established, renowned, and global companies. "It’s encouraging that these companies, with profound insights in their respective industries, see the value and growth potential with Trendlines and its portfolio companies. "Haier HCH’s strong assets, resources, and knowledge of the Chinese market will tremendously complement the localization and commercialization of Trendlines’ innovative technologies in China. We look forward to expanding our cooperation, exploring ideas, contributing our knowledge and expertise, and deepening our collaboration to the mutual benefit of Haier HCH and Trendlines.” -- Todd Dollinger (photo), Chairman and CEO of Trendlines. |
Mr. Liu Changwen, General Manager of Haier Hai Chuanghui Incubator and Ventures, commented, “Israel is widely known for its expertise and achievements in innovative technologies. Trendlines is one of the most well-known investors and incubators in the medical and agricultural technology spaces in Israel, with a mature and diversified portfolio, an experienced professional team, and a great track record in growing companies from concept stage to commercialization stage.
"We see strong potential in the Haier HCH-Trendlines collaboration in developing technologies and in co-investment. We expect our MOU will create substantial value for both Haier HCH and Trendlines.”
Trendlines will make further announcements when there are material updates to the MOU.
