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Company in the news
Metech and Deng Yiming withdraw legal charges; both to work together to expand diamond business
Metech and Deng were in a legal battle over the company’s diamond seeds, loose diamonds and inflated machinery price.
December 14, 2023
Company in the news
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.
October 17, 2023
Deals, joint ventures & alliances
Metech terminates JV for lab-grown diamonds citing incurable breach of JVA
Under the JVA, Metech will be entitled to acquire all of the shares in the JVCo at 80% of its NTA per share.
January 18, 2023
Deals, joint ventures & alliances
Metech International terminates JV with Jurong BD
The JV agreement was entered into on April 2021.
October 13, 2022
Company in the news
Metech JV partner disposes shares in JVCo for $4 mil as an interested person transaction
The sale shares represent 20% of the total paid-up and issued share capital of the JVCo.
April 18, 2022
SGX query
SGX RegCo issues trade with caution on Metech International after 51% share price surge
Singapore Exchange Regulation (SGX RegCo) has issued a trade with caution alert on Metech International.
January 20, 2022
Insider moves
Capital Group trims stake in Nanofilm; Tang couple raises Chip Eng Seng stake
Nanofilm has been buying back shares
January 13, 2022
Deals, joint ventures & alliances
Metech International to establish joint laboratory to create new materials with lab-grown diamonds
The agreement was signed on Dec 31, 2021, via Metech’s joint venture company (JVC), Asian Eco Technology.
January 03, 2022
Company in the news
Metech International inks deal to get US$100 mil in funding for lab-grown diamond business
The funding will be primarily used for the construction of AET’s lab-grown diamond manufacturing facilities in Singapore.
December 24, 2021
SGX query
Metech International shares show ‘unusual volume movements’, prompts SGX query
32.9 mil Metech shares changed hands today, making it the second-highest counter in terms of volume traded.
December 20, 2021