Metech International Limited Updates on Executive Appointment and Business Operations

Metech International Limited ( (SG:V3M) ) has shared an update.

Metech International Limited is currently exploring the appointment of a new Chief Financial Officer, with plans to announce any developments on SGXNet. The company is facing challenges in its lab-grown diamond business due to global geopolitical tensions and is reassessing the viability of this segment. Meanwhile, the company is progressing with its food waste business, with biomass carbon reduction machines undergoing final testing in Taiwan and expected to arrive in Singapore by the end of Q1 FY2025. Metech aims to begin operations in the food waste sector by Q2 FY2025, indicating a strategic shift towards sustainable business practices.

More about Metech International Limited

Metech International Limited, incorporated in Singapore, operates in the lab-grown diamond and food waste management industries. The company focuses on developing sustainable solutions, including lab-grown diamonds and biomass carbon reduction systems, with a market focus on environmental sustainability.

YTD Price Performance: -13.33%

Average Trading Volume: 125,007

Technical Sentiment Signal: Buy

Current Market Cap: S$4.41M

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