Trek 2000 International to Dispose of Investment in Terrenus Energy for SG$8 Million; Shares Surge 20%

Trading View
2025.07.17 06:24
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Trek 2000 International said it will dispose of its 4.33% interest in Terrenus Energy to the latter for SG$8.2 million, according to a filing with the Singapore Exchange on Thursday. The disposal is expected to complete later in July. Proceeds raised from the disposal will be used for general working capital purposes. Shares of the company surged over 20% in recent trading.

Trek 2000 International said it will dispose of its 4.33% interest in Terrenus Energy to the latter for SG$8.2 million, according to a filing with the Singapore Exchange on Thursday.

The disposal is expected to complete later in July. Proceeds raised from the disposal will be used for general working capital purposes.

Shares of the company surged over 20% in recent trading.

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