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Metech International Limited ( (SG:V3M) ) has shared an update.
Metech International has disclosed that the Singapore Exchange Securities Trading Limited has rejected its application for a waiver from complying with certain Catalist Rules in relation to its planned disposal of 80% of the share capital of subsidiary Asian Eco Technology Pte. Ltd. The exchange concluded there were no extenuating reasons to allow the waiver based on the company’s submissions.
Following the rejection, the board is evaluating its options, including the possibility of convening an extraordinary general meeting to seek shareholder approval for the proposed disposal. Metech has indicated it will provide further updates as material developments arise, signaling that the transaction’s timeline and execution now depend more heavily on shareholder processes and ongoing regulatory compliance.
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 listed on the Catalist board, operating through subsidiaries such as Asian Eco Technology Pte. Ltd. The group’s activities include environmentally focused and technology-related businesses, positioning it within sectors aligned to sustainable and eco-technology solutions in the region.
Average Trading Volume: 100,769
Technical Sentiment Signal: Sell
Current Market Cap: S$7.84M
See more data about V3M stock on TipRanks’ Stock Analysis page.