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The latest update is out from Metech International Limited ( (SG:V3M) ).
Metech International has identified a candidate for the chief financial officer role and completed internal due diligence, with formal appointment subject to sponsor assessment. Shareholders have also approved the conversion of part of a S$3.0 million interest-free loan from lender Cao Shixuan into 62.5 million new shares, which will give him a controlling interest and reduce the outstanding loan balance to about S$0.5 million.
Operationally, the group secured shareholder approval to dispose of its 80% stake in Asian Eco Technology, exiting that diamond-related subsidiary, while its biomass carbon reduction machines have completed commissioning, gained Taiwan government-backed grant support and attracted 80 orders. Metech is in cautious but ongoing talks on premium protein products, planning Singapore-based machine manufacturing and a potential factory investment, while reviewing the disposal or strike-off of dormant or non-core subsidiaries ZXMH and Metech Dynamics to streamline its structure.
The health supplements segment is working with suppliers to expand manufacturing capacity and sales, though partners’ cautious stance amid global uncertainty has slowed progress. The various moves indicate a strategic reorientation toward scalable, sustainability-linked technologies, tighter cost control and capital restructuring, with further disclosures to follow as projects and corporate actions are finalised.
More about Metech International Limited
Metech International Limited is a Singapore-incorporated group active in diversified businesses including lab-grown diamonds, food waste solutions, biomass carbon reduction systems, premium protein products and health supplements. The company is expanding into regional and international markets, with a growing focus on sustainable technologies and manufacturing capabilities anchored in Singapore and potentially Malaysia.
Average Trading Volume: 28,813
Technical Sentiment Signal: Buy
Current Market Cap: S$7.84M
See more insights into V3M stock on TipRanks’ Stock Analysis page.