Stimatix, which makes products for colostomy management, is controlled by German healthcare company B. Braun Group, which is “refocusing” aspects of its product portfolio.
To date, Trendlines has been paid some US$2.7 million in dividends and sales of assets of Stimatix.
The write-off was first announced on July 14.
Trendlines is expected to report its results on Aug 10.
See also: Keppel Pacific Oak US REIT’s 1QFY2025 distributable income falls by 19.3% y-o-y to US$9.6 mil
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Trendlines’ SGX quoted shares last traded at 9.3 cents.
