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Metech says damages payable by Deng Yiming amount to $0.5 mil for missing diamond seeds and loose diamonds

Felicia Tan
Felicia Tan • 2 min read
Metech says damages payable by Deng Yiming amount to $0.5 mil for missing diamond seeds and loose diamonds
Deng is one of the directors of Metech's JV with X Diamond Capital, Asian Eco Technology. He was appointed by X Diamond Capital.
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Metech, on Oct 17, announced that the damages payable by Deng Yiming came up to around $483,000.

This is nearly 14 times higher than the initial $34,000 determined by the judge of the High Court. The initial judgement was made on Aug 10.

This time, the amount came about after the assistant registrar of the High Court assessed the damages to be paid by Deng.

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