M&A opportunities possible, but no binding agreements signed yet, says Memiontec in response to SGX’s query

Memiontec, a water treatment and waste management services company, says that it is on an ongoing basis exploring and or entering discussions on possible mergers and acquisition opportunities, though no definitive or binding agreement has yet to be signed, according to a bourse filing on Feb 12. 

Memiontec’s statement was in response to a query by the Singapore Exchange (SGX:S68) Securities Trading (SGX-ST) filing on the morning of Feb 12, which noted an “unusual volume movement” in the shares of Memiontec recently.