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Matex International Limited ( (SG:M15) ) has provided an announcement.
Nanyang New Development Limited, previously Matex International Limited, held an Extraordinary General Meeting in Singapore on 13 January 2026, chaired by James Kho Chung Wah and attended by key directors and executives. The meeting confirmed a proper quorum and noted that no shareholder questions were submitted by the stipulated deadline regarding the resolutions, suggesting broad procedural compliance and an absence of overt shareholder contestation at this stage.
The EGM proceeded on the basis that the convening notice issued in December 2025 was duly taken as read with shareholders’ consent, underscoring adherence to formal corporate governance requirements. The attendance of the executive director, independent director, chief financial officer, sponsor and company secretary highlighted the company’s emphasis on proper oversight as it advances corporate actions associated with its new identity and future strategic direction.
The most recent analyst rating on (SG:M15) stock is a Sell with a S$0.02 price target. To see the full list of analyst forecasts on Matex International Limited stock, see the SG:M15 Stock Forecast page.
More about Matex International Limited
Nanyang New Development Limited, formerly known as Matex International Limited, is a Singapore-incorporated company. It operates under a new corporate name while maintaining a listed-company governance framework, with a board comprising executive and independent directors and a formal shareholder meeting structure.
Technical Sentiment Signal: Sell
Current Market Cap: S$11.35M
For a thorough assessment of M15 stock, go to TipRanks’ Stock Analysis page.