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Metech International Limited ( (SG:V3M) ) has provided an update.
Metech International Limited is in the process of appointing a new Chief Financial Officer, with due diligence currently underway. The company is facing challenges in its lab-grown diamond business due to geopolitical tensions and market dynamics, prompting a reevaluation of its business model. Meanwhile, preparations are being made for the export and initial commercial testing of biomass carbon reduction machines in Singapore, with the food waste business expected to commence in the second quarter of FY2025.
More about Metech International Limited
Metech International Limited, incorporated in Singapore, operates in the lab-grown diamond industry and is also involved in a joint venture related to food waste management. The company is focused on addressing market challenges and exploring new business opportunities.
Average Trading Volume: 23,255
Technical Sentiment Signal: Sell
Current Market Cap: S$4.69M
For detailed information about V3M stock, go to TipRanks’ Stock Analysis page.