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Metech Intl
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Rex revival
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MakeChanges
Elite |
29-Dec-2021 08:37
Yells: "No price is too low for a bear or too high for a bull" |
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Too many news yet share price not moving much. 
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Everyday
Elite |
29-Dec-2021 08:33
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RESPONSES TO SGX QUERIES The Board of Directors (the &ldquo Board&rdquo ) of Metech International Limited (the &ldquo Company&rdquo ) refers to the queries from the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ) on 24 December 2021 regarding the announcement released by the Company on 24 December 2021 (the &ldquo Strategic Collaboration Announcement&rdquo ) on the entry into a strategic collaboration agreement with Ningbo Meishan (宁 波 梅 山 保 税 港 区 蓝 标 投 资 合 伙 企 业 （ 有 限 合 伙 ) ) (&ldquo Ningbo Meishan&rdquo ), in relation to the setting up of a manufacturing facility for lab-grown diamonds (&ldquo Strategic Collaboration Announcement&rdquo ) and the Company&rsquo s response to SGX-ST&rsquo s queries released on 20 December 2021 (the &ldquo Response&rdquo ). Unless otherwise defined, capitalized terms have the same meaning ascribed to them in the Strategic Collaboration Announcement and the Response: Question 1: Please provide more information on the following, and elaborate on their roles in the Strategic Collaboration Agreement: Ningbo Meishan Zongheng Capital Founders and core management team of Alliance PKU Management Consultants Ltd Industry&rsquo s top elites Beida Zongheng Management Consultancy Zongheng Academy Company&rsquo s Response The Company has been informed by Ningbo Meishan that Ningbo Meishan is an investment platform of Zongheng Capital, Alliance PKU Management Consultants Ltd and their founders. From Zongheng Capital&rsquo s website, one can view the profile of its people including Alliance PKU Management&rsquo s founder and working partners, industry&rsquo s top elites in fields such as business strategy, robotics, engineering, management consultancy. Further to the above, Zongheng Capital is working with Beida Zongheng Management Consultancy and Zongheng Academy, to pool together resources for management consultancy services as well as human talent development. However, the mention of these entities in the Strategic Collaboration Announcement is simply meant to provide more information on the parties behind Ningbo Meishan. They do not hold specific roles in the Strategic Collaboration Agreement, other than provision of capital. As stated in the Strategic Collaboration Announcement, it is intended for Ningbo Meishan to provide funding to AET in relation to the setting up of a manufacturing facility for lab-grown diamonds. However, the Strategic Collaboration is subject to the execution of a definitive strategic collaboration agreement between AET and Ningbo Meishan. Further information on the Strategic Collaboration will be announced at the appropriate juncture. 2 Question 2: Does the Company and / or the parties listed in (1) above have the experience, expertise and track record in the New Business of manufacturing and distribution of lab-grown diamonds? If not, who will be running this New Business? Company&rsquo s Response Ningbo Meishan and its ordinary partners are investors who will be providing funding to AET and it is not intended for them to be involved in the management and operations of the New Business. The New Business, if approved by shareholders at the Company&rsquo s extraordinary general meeting on 11 January 2022, would become one of the core businesses of the Group and be run and managed by the board and management of AET. Further details in relation to the running of the New Business are set out in the Company&rsquo s circular dated 24 December 2021 (the &ldquo Circular&rdquo ) seeking approval for, inter alia, the New Business. Please refer to page 8 of the Circular. Question 3: Please provide details on the development of its JV with X Diamond Capital. Company&rsquo s Response Please refer to page 11 to 12 of Circular for details on the development of joint venture. Question 4: Is X Diamond Capital related to, or have any business or other relationships with, Ningbo Meishan and / or the Zongheng Group? Company&rsquo s Response: To the best of the Company&rsquo s knowledge, X Diamond Capital Pte. Ltd. (&ldquo XDC&rdquo ) does not have any relationship with Ningbo Meishan, Zongheng Capital, Alliance PKU Management Consultants Ltd, Beida Zongheng Management Consultancy and/or Zongheng Academy. Question 5: What are the Board&rsquo s plans with regards to the JV with X Diamond Capital and the Strategic Collaboration Agreement with Ningbo Meishan? Company&rsquo s Response: Please refer to the response to questions 1, 2 and 3 above for the Board&rsquo s plans with regard to the joint venture with XDC and the Strategic Collaboration Agreement with Ningbo Meishan. Question 6: How was the Company introduced to X Diamond Capital and Ningbo Meishan as well as the New Business? Company&rsquo s Response: The Company was introduced to XDC through one of the Company&rsquo s substantial shareholders. XDC then introduced the New Business to the Company. After careful evaluation of the opportunity and risk of the New Business, the Company decided to expand into the New Business as a core business and has convened an extraordinary general meeting to seek approval for the diversification into the New Business. As explained in the Circular, the Company has been actively reviewing the New Business. As the lab-grown diamond business has ballooned in recent years, the Company has in its review received numerous recommendations and referrals from industry players. Ningbo Meishan got to know about AET through a contact in the industry and approached AET to discuss funding opportunities. Sgx Co announcement : https://links.sgx.com/1.0.0/corporate-announcements/6CAEF9A6YSIV2FSQ/abb73d67008ebb6ceeae8cce8ed2009bcbd26a2d38d8235d45316d17a5d6aecc |
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Superwhite
Senior |
28-Dec-2021 10:36
Yells: "Super White lah" |
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SG mkt is like that one. Our are slow unlike US.
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Everyday
Elite |
28-Dec-2021 10:22
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Climbing back..... | ||
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MakeChanges
Elite |
27-Dec-2021 21:57
Yells: "No price is too low for a bear or too high for a bull" |
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This company have lots of collaboration news but price movement so little..... | ||
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tedlim
Veteran |
27-Dec-2021 21:45
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As investors, we have to ask ourselves, our investment style is more towards high-growth stocks or value stocks. Each individual will have his/her own investment style and preference. With its recent developments in the lab-grown diamond industry which has strong underlying prospects, Metech is can be classified as a high-growth company, hence one would probably use their potential earnings as a guide as compared using value stock investing methodolgy. pls do your own DD.. |
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WBdisciple
Elite |
27-Dec-2021 21:35
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Diamond Foundry valued at $1.8 billion following $200 million investment 27 Apr, 2021 8 months ago Anna Versai Business Featured Innovate News Diamond Foundry, the Silicon Valley startup that produces lab-made gems, has got a $1.8bn valuation after a $200m investment by Fidelity. The company plans to use the fresh investment to compete with world-famed miners such as De Beers. It produces flawless, identical diamonds, which it claims are more environmentally friendly. The company counts Leonardo DiCaprio, Tony Fadell, former chief executive of smart home company Nest, and Mark Pincus, the founder of video game group Zynga, as its backers. It wants to expand production at its Washington state factory to 5m carats a year by the end of 2022. This would be still a quarter of De Beer&rsquo s 2020 production. &ldquo This is the first time that this quality of diamond is produced at mining scale,&rdquo Martin Roscheisen, chief executive, told the Financial Times. Diamond Foundry wants to expand overseas. The company wants to enter the high-end luxury space. It sells its diamonds direct to consumers via its Vrai & Oro brand and also retails through partners. Diamond Foundry products find use in the semiconductor industry too. It has doubled production in the last four years. According to Bain, mined diamonds are witnessing a downturn with a 20 percent slide in production in 2020 to 111million carats compared to a peak of 152million carats in 2017. With no new diamond mines coming into production, the market is &ldquo now at that inflection point&rdquo , Roscheisen said. Diamond Foundry sells its gems at an average of $282 per rough carat, which is slightly higher than some mined stones. Lab-grown diamonds generally sell at a lower rate than naturally mined stones, according to Paul Zimnisky, a diamond market analyst. A half-carat lab-grown stone currently sells for about $615, compared with $1,395 for a mined diamond, according to Ziminsky. Diamond Foundry will be expanding into 200mm single-crystal diamond wafers for use in semiconductors. Replacing silicon with diamonds improves their performance because diamonds are good conductors of heat. The various uses of diamond wafer semiconductors are in Data centres, electric vehicles and 5G technology. Roscheisen said, &ldquo All the largest technology companies in the world are looking at doing diamond wafers. It&rsquo s quite difficult to have full diamond for chips . . . we haven&rsquo t completely solved it yet.&rdquo Diamond Foundry has raised a total of $315m since its launch in 2012 and has no debt. It turned a profit in 2020. Though lab-made diamonds are gaining popularity, they might still find it tough to compete against the mined ones despite being touted as environmentally friendly. Their long-term value is not assured. Their assembly line production does not have the same charm as unique naturally produced ones. Finally, its claims to be ethical and carbon-neutral are possible by purchasing solar credits. But it scores on being produced entirely in a lab and being 100 percent authentic and transparent in production. No communities or forests are cut or harmed. It is affordable. Its lab production makes it versatile for use in other industries. Diamond Foundry has some competition with De Beers floating its own lab-grown products under the brand Lightbox. Paris-based lab-grown luxury jeweler Courbet plans to enter the Chinese market with the backing of Chanel as a shareholder. Kimai is another brand that has entered the space. |
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Everyday
Elite |
27-Dec-2021 21:19
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Lab Diamond Factory supposed to start end of Dec 2021? Which mean these few days?....no announcement so far.... Lab-Grown Diamond Production to Commence in Singapore
October 23, 2021
 The establishment of a specialised and high-tech production facility for lab-grown diamonds in Singapore is a pivotal part of our business strategy, says Samantha Hua, Deputy Chief Executive Officer and Executive Director of Metech International Limited (Metech). She adds that because sustainability is a core focus for Singapore&rsquo s future development, the SGX-listed company believes that the sustainability features of lab-grown diamonds and its increasing applications are aligned with the growth trends of the future. Metech announced on 19 September that its joint venture company, Asian Eco Technology Pte. Ltd. (AET) has entered into a 3-year lease agreement for an industrial property located at Kallang for the production of lab-grown diamonds, expected to commence by the end of December 2021 with lab- grown diamonds produced on a bi-weekly basis. Diamonds are more widely known to be used in jewellery but diamonds are also commonly used for industrial applications in oil & gas, medical equipment, aerospace, among others. There are also continual discoveries of greater uses for diamonds in industrial applications, which could herald future electronics with powerful new properties that will enable next-generation military, aerospace and telecommunications applications(1). Lab-grown diamond is chemically, physically and optically identical to a mined diamond, hence without the need for mining, lab-grown diamonds is a sustainable source of this important material. According to the tenth annual report on the global diamond industry, prepared by the Antwerp World Diamond Centre (AWDC) and Bain & Company, global lab-grown diamond production reached 6-7 million carats produced in 2020 alone, with up to 60% of it manufactured in China. However it is still a very small market segment as compared to diamond mining, which peaked at 152 million carats in 2017 and currently stands at around 111 million carats(2). |
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SmallSmall
Supreme |
25-Dec-2021 18:54
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Not a single diamond produced and free warrants exercisable at $0.20 for first placement done at $0.20. And now Ng Eng Tiong to take up placement (just google the color stories of placee) Wow... just what did these people see in the company that has zero track record in lab produced diamonds? Unbelievable. Invisible hands at play. Just too many unanswered questions. DYODD |
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Joelton
Supreme |
25-Dec-2021 11:37
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Metech International inks deal to get US$100 mil in funding for lab-grown diamond business
&bull A lab-grown diamond is a diamond: chemically, physically and optically identical to a mined diamond, hence without the need for mining, lab-grown diamonds are a sustainable source of this important material
&bull Diamonds are more widely known to be used in jewellery but diamonds are also commonly used for industrial applications and there are more advancements for diamonds to be used in the next generation of semiconductors, aerospace, electric vehicles, medical equipment, among others.
&bull AET has the technological capabilities to produce the highest grade of lab-grown diamonds
&bull Ningbo Meishan with intention to provide funding of US$100 million in AET through debt and/or equity financing and the proceeds will be primarily used to increase AET&rsquo s lab- grown diamond production capacity and capabilities in Singapore
SGX-listed Metech International Limited (&ldquo Metech&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce that its joint venture company, Asian Eco Technology Pte. Ltd. (&ldquo AET&rdquo ) (&ldquo 亚 洲 易 高 生 态 科 技 有 限 公 司 &rdquo ) has entered into a Strategic Collaboration Agreement with 宁 波 梅 山 保 税 港 区 蓝 标 投 资 合 伙 企 业 (有 限 合 伙 ) (&ldquo Ningbo Meishan&rdquo ), which 纵 横 资 本 投 资 有 限 公 司 (&rdquo Zongheng Capital&rdquo )is one of the ordinary partners. Ningbo Meishan with intention to provide funding of US$100 million in AET&rsquo s lab-grown diamond business activities through debt and/or equity financing.
The funding of US$100 million is for the purpose of increasing AET&rsquo s lab-grown diamond production capacity and capabilities. The proceeds will be primarily used for the construction of AET&rsquo s lab-grown diamond manufacturing facilities in Singapore.
Zongheng Capital is one of the earliest equity investment fund management companies in China and it was co-founded by the founders and core management team of Alliance PKU Management Consultants Ltd (北 大 纵 横 ) and industry&rsquo s top elites. Alliance PKU Management Consultants Ltd is China' s first registered management consultancy company.
Since its establishment, Zongheng Capital has provided management consulting services to more than 5,000 mid-sized and large enterprises, as well as over 500 listed companies.
Zongheng Capital undertakes investments in private and listed companies, specialising in key investment areas that include medical and health (including medical equipment, biopharmaceuticals, medical services, health industry, eldercare services), intelligent manufacturing (including robots, Industry 4.0, Internet of Things), and smart digital solutions (including artificial intelligence, big data, enterprise services and software technology). For more information on Zongheng Capital, please visit http://www.zonghengcapital.com/
Since the announcement on 24 September 2021 in relation to the establishment of a joint venture in the business of lab-grown diamonds between Asian Green Tech Pte. Ltd, a wholly-owned subsidiary of the Company, and X Diamond Capital Pte. Ltd., the Company has made various announcements detailing the development of this lab-grown diamond business.
The Company is currently preparing, and is liaising with its sponsor, to seek its shareholders&rsquo approval for a proposed business diversification of its core business to include the manufacturing and distribution of lab-grown diamonds and such other related activities at an extraordinary general meeting (the &ldquo EGM&rdquo ).
Ms. Samantha Hua, Deputy Chief Executive Officer and Executive Director of Metech, said: &ldquo The production of lab-grown diamonds is highly specialised with significant technological barriers.
As such, this US$100 million financing is a clear vote of confidence in AET&rsquo s technical expertise and capabilities. It represents a huge step forward in our plans to build on our vision and realise our business ambitions in the global lab-grown diamond market.
This comes at an opportune time when lab-grown diamonds are gaining more consumer acceptance and more importantly, with the unique and extreme properties of diamond, there are more commercialisation of scientific discoveries for industrial applications of diamond in the next generation of semiconductors, aerospace, electric vehicles, medical equipment, among others.&rdquo
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spursfan
Supreme |
24-Dec-2021 21:24
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ssh acquired 6 mil shares (36cts) NOTIFICATION FORM FOR SUBSTANTIAL SHAREHOLDER(S)/UNITHOLDER(S) IN RESPECT OF INTERESTS https://links.sgx.com/1.0.0/corporate-announcements/18BVDP2NEU70RB9V/695647__eFORM3V2_Ng%20Eng%20Tiong.pdf |
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For_The_Next_Leg
Master |
24-Dec-2021 14:55
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$MetechIntl(V3M.SI) More funds coming into the company - This will allow the company to grow bigger and faster.
As quoted from press release " The funding of US$100 million is for the purpose of increasing AET&rsquo s lab-grown diamond production capacity and capabilities. The proceeds will be primarily used for the construction of AET&rsquo s lab-grown diamond manufacturing facilities in Singapore."
https://links.sgx.com/1.0.0/corporate-announcements/BJAB1YVH8N372PIH/1a903fd6ba8d9e7cd4e936cff06953563441dea5af8a8db4bfa673ecd474e464
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sklong138
Elite |
24-Dec-2021 13:34
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TheMatrix
Elite |
24-Dec-2021 11:27
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If buy long term. No need to see. But if short term speculating, some correction maybe coming but price $0.360 is the support line. | ||
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yamseng
Supreme |
24-Dec-2021 10:56
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Metech getting a smaller share of the joint venture ??
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yamseng
Supreme |
24-Dec-2021 10:52
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selling on news ?? | ||
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WBdisciple
Elite |
24-Dec-2021 09:59
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WOW....US$100 million investment for Metech' s Lab-Grown Business...when Metech market cap is just S$33 million... This shows the confidence of the incoming financer/investor in metech.. |
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spursfan
Supreme |
24-Dec-2021 08:53
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PRESS RELEASE Ningbo Meishan, Signs Strategic Collaboration Agreement with Intention to Provide Funding of US$100 Million in LabGrown Diamonds Business Singapore, 24 December 2021 &ndash SGX-listed Metech International Limited (&ldquo Metech&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce that its joint venture company, Asian Eco Technology Pte. Ltd. (&ldquo AET&rdquo ) (&ldquo 亚 洲 易 高 生 态 科 技 有 限 公 司 &rdquo ) has entered into a Strategic Collaboration Agreement with 宁 波 梅 山 保 税 港 区 蓝 标 投 资 合 伙 企 业 （ 有 限 合 伙 ） (&ldquo Ningbo Meishan&rdquo ), which 纵 横 资 本 投 资 有 限 公 司 （ &rdquo Zongheng Capital&rdquo ） is one of the ordinary partners. Ningbo Meishan with intention to provide funding of US$100 million in AET&rsquo s lab-grown diamond business activities through debt and/or equity financing. ... https://links.sgx.com/1.0.0/corporate-announcements/BJAB1YVH8N372PIH/695550_PR%20-%20Ningbo%20Meishan.pdf |
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For_The_Next_Leg
Master |
23-Dec-2021 13:52
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$MetechIntl(V3M.SI)
The new trend is lab-grown diamonds.
https://edition.cnn.com/2021/12/04/business/engagement-ring-lab-diamond/index.html
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yamseng
Supreme |
21-Dec-2021 09:32
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all planned. today is a roller-coaster day, flushing out the weak players !! |
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