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Metech International Limited ( (SG:V3M) ) just unveiled an announcement.
Metech International has identified a candidate for the Chief Financial Officer role, completed due diligence and internal evaluation, and submitted the necessary documents to its continuing sponsor, with a formal appointment decision pending. Operationally, the company will retain ownership of five chemical vapour deposition machines even after the proposed sale of its 80% stake in Asian Eco Technology Pte. Ltd., preserving its capability in the lab-grown diamond business. In its food waste business, biomass carbon reduction system machines for a pilot trial have arrived at the factory and passed testing and commissioning, and Metech is in active talks with various corporations to expand into different regional markets. The company is also working with MLF Ingredients Sdn. Bhd. to determine proposed pricing for potential products, including premium protein powder and black soldier fly biomass, targeting the South Korean and U.S. markets, signaling a push to commercialise and scale its sustainability-focused offerings.
The most recent analyst rating on (SG:V3M) stock is a Sell with a S$0.03 price target. To see the full list of analyst forecasts on Metech International Limited stock, see the SG:V3M Stock Forecast page.
More about Metech International Limited
Metech International Limited is a Singapore-incorporated company with diversified business interests, including a lab-grown diamond segment, a food waste business focused on biomass carbon reduction systems, and a health supplements segment. Its operations span advanced materials and sustainability-related technologies, with ongoing efforts to develop regional market opportunities and product lines such as premium protein powder and black soldier fly biomass.
Average Trading Volume: 90,535
Technical Sentiment Signal: Buy
Current Market Cap: S$7.24M
See more insights into V3M stock on TipRanks’ Stock Analysis page.