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Metech Intl
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noobnub
Supreme |
08-Oct-2021 10:21
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maybe those bought in the morning got trapped haha same news post so many times | ||||
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Joelton
Supreme |
08-Oct-2021 10:12
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Metech&rsquo s Joint Venture Signs MOU to Supply India-based Lucinu Jewellery with its Lab-Grown Diamonds
&bull A lab-grown diamond is a diamond: chemically, physically and optically identical to a mined diamond
&bull Lucinu Jewellery was founded in 2014 and its founder, Mr Kunal Arvindbhai Bhansali has more than 20 years of experience in the precious gemstones industry. Lucinu Jewellery specialises in the cutting and polishing of diamonds as well as the distribution of polished diamonds
&bull Only the highest grade of lab-grown diamonds are used for jewellery production and can be certified by internationally-recognised gemstone laboratories (such as GIA and IGI)
&bull The demand for lab-grown diamonds has been growing due to environmental, sustainability and ethical concerns of mined diamonds
Singapore, 8 October 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 ) has entered into a Memorandum of Understanding (&ldquo MOU&rdquo ) to
supply India-based Lucinu Jewellery Co., Ltd (&ldquo Lucinu Jewellery&rdquo ) with its lab-grown diamonds.
Lucinu Jewellery was founded in 2014 and its founder, Mr Kunal Arvindbhai Bhansali, has more than 20 years of experience in the precious gemstones industry. Lucinu Jewellery specialises in the cutting and polishing of diamonds as well as the distribution of polished diamonds. Lucinu Jewellery has the capacity to process 50,000 to 60,000 carats of precious gemstones and it has established offices in Surat, Mumbai, Hong Kong, Shenzhen, Thailand and Europe.
In September 2021, the Group&rsquo s wholly-owned subsidiary, Asian Green Tech Pte. Ltd (" AGT" ), entered into a joint venture agreement (" JVA" ) with X Diamond Capital Pte. Ltd. (" XDC" ) to establish a joint venture and AET was incorporated in Singapore to carry out the business of manufacturing and distribution of lab-grown diamonds. Under the JVA, AGT shall operate and manage AET while XDC shall provide technical support to AET.
Diamonds are more widely known to be used in jewellery but diamonds are also commonly used for industrial applications in medical equipment, aerospace, semiconductors, among others.
As lab-grown diamonds are created without the need for mining, they are a more sustainable production of diamonds and there are also opportunities to integrate renewable energy in such manufacturing activities, hence it is aligned with the Group' s environmental and sustainability business model.
Ms. Samantha Hua, Deputy Chief Executive Officer and Executive Director of Metech, said: &ldquo The lab-grown diamond market has been growing rapidly due to technological advancements and greater consumer acceptance.
Lucinu Jewellery has built up strong capabilities in working with lab-grown diamonds and we are pleased to supply them in the near future with the highest grade of lab-grown diamonds that are used in jewellery production. This will be a testament to our manufacturing capabilities in this highly specialised area of lab-grown diamonds and we look forward to expand our business presence in other geographical markets.&rdquo
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noobnub
Supreme |
08-Oct-2021 09:22
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maybe they trying to bring it down to 21c again?
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For_The_Next_Leg
Master |
08-Oct-2021 09:21
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$MetechIntl(V3M.SI)
With latest MOU announced by the company, their JV will be supplying working with Lucinu Jewellery with its lab-grown diamonds.
https://links.sgx.com/1.0.0/corporate-announcements/KTOHDW6IFZ1PCRO4/deca8d84e114ba8897ce65ebb035e5ecf9b425eb66d6a691693a83a7b2e18799
As per article found, India diamond trade is facing a shortage of rough diamond as well.
Thus, this could be good for Metech!
https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/diamond-traders-hit-by-shortage-of-rough-diamonds/articleshow/85996126.cms?from=mdr
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noobnub
Supreme |
08-Oct-2021 09:19
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shiok shortist come out to whack haha
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noobnub
Supreme |
08-Oct-2021 09:04
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now wait to short | ||||
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noobnub
Supreme |
08-Oct-2021 09:03
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sold 255 huat ah
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noobnub
Supreme |
08-Oct-2021 09:01
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must buy low then can have profits otherwise buy high it only hoping to breakeven huat ah
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noobnub
Supreme |
08-Oct-2021 08:59
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Slowly take profits
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sklong138
Elite |
08-Oct-2021 08:11
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May re-visit 3 series. Cheers. Huat!!! | ||||
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sklong138
Elite |
08-Oct-2021 07:52
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Hoot Kao Kao. Huat!!! | ||||
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spursfan
Supreme |
08-Oct-2021 06:37
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PRESS RELEASE : Metech?s Joint Venture Signs MOU to Supply India-based Lucinu Jewellery with its Lab-Grown Diamonds....https://links.sgx.com/1.0.0/corporate-announcements/KTOHDW6IFZ1PCRO4/686060_Metech-Ann-Press%20Release.pdf | ||||
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noobnub
Supreme |
07-Oct-2021 16:27
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bought 23c as well
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noobnub
Supreme |
07-Oct-2021 14:34
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good chance if you eat the durians
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Sibehboeng
Master |
07-Oct-2021 14:13
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Bro noob, you think it will go up again?
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noobnub
Supreme |
07-Oct-2021 14:11
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bought 235 durians
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noobnub
Supreme |
07-Oct-2021 09:09
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que small buy 23c also dont want to give me
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noobnub
Supreme |
07-Oct-2021 08:44
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yesterday force selling should be over time to slowly buy 0.23-0.235 | ||||
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noobnub
Supreme |
06-Oct-2021 16:25
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still havent drop to21c haha
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noobnub
Supreme |
06-Oct-2021 10:44
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haha shortist huat ah
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