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12 stories mentioning SGX:9MTUpdated 6d ago

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Asia

Singapore Shares Extend Losses as Tech Stocks Lose Momentum; Autagco Surges 33%

Singapore shares closed the week lower, plunging nearly 1% on Friday, despite broader regional gains as regional semiconductor and technology stocks lost momentum.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,604.22 and 5,654.39 throughout the day. It ended the session at 5,628.50, down 45.08 points or 0.8% compared to Thursday's close.In economic news, Singapore's manufacturing sector remained optimistic about business conditions for the July-December period, though confidence eased from the previous survey, according to data released by the Singapore Economic Development Board.Meanwhile, Singapore's unemployment rate remained unchanged in the second quarter at 2% from the previous quarter, according to preliminary data from the Ministry of Manpower.On the corporate front, shares of Autagco (SGX:WNH) surged over 33% at the close as it entered into a definitive share purchase agreement to acquire the entire issued and paid-up capital of Malaysia-incorporated Edge Green Energy from Chiong You Kwong for SG$603,500.Seatrium's (SGX:5E2) shares closed over 1% higher as its profit attributable to owners surged 158% during the first half of the year to SG$372.9 million from SG$144.4 million a year earlier.Meanwhile, shares of MetaOptics (SGX:9MT) were down nearly 2% as the company, along with Elsoft Research, signed a strategic partnership to co-develop and mass produce next-generation 12-inch metalens laser writers and automatic testers.

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Asia

MetaOptics, Elsoft Research Partner to Scale Optics Manufacturing Equipment

MetaOptics (SGX:9MT) and Elsoft Research signed a strategic partnership to co-develop and mass produce next-generation 12-inch metalens laser writers and automatic testers, according to a Thursday filing with the Singapore Exchange.The semiconductor optics company, along with Elsoft, will design, build and industrialize key fabrication equipment across the metalens value chain.The company is also in discussions with potential foundry customers in the U.S, Japan and Europe.

SGX:9MT
Asia Markets

Singapore Shares Gain More Than 1% as AI Boom Extends; MetaOptics Soars 11%

Singapore shares extended gains on Wednesday, soaring more than 1% at the close, despite mixed results across the region as chipmakers influencing investor sentiment.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,483.04 and 5,595.42 throughout the day. It ended the session at 5,595.42, up 68.70 points or 1.2% compared to Tuesday's close.On the corporate front, shares of MetaOptics (SGX:9MT) surged over 11% at the close as it agreed to deploy its metalens direct laser writer system at the University of Arizona's Center of Semiconductor Manufacturing.First Sponsor (SGX:ADN) expects to recognize an impairment charge of roughly SG$36.7 million in its first-half financial statements following an adverse ruling by a court in Dongguan, China.Meanwhile, Lonza's (SGX:O6Z) attributable profit to equity holders during the first half of the year rose to 591 million Swiss francs from 426 million francs a year earlier.

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Asia

MetaOptics Deploys Direct Laser Writer at University of Arizona; Shares Up 14%

MetaOptics (SGX:9MT) agreed to deploy its metalens direct laser writer system at the University of Arizona's Center of Semiconductor Manufacturing, according to a Wednesday filing with the Singapore Exchange.The semiconductor optics company said installation will begin in 2027, with the system designed for 4-inch wafers to enable prototyping and fabrication of metalens samples within weeks.The development will allow small-volume, quick-turnaround prototyping.Shares of the company rose nearly 13% in recent trade.

SGX:9MT
Asia Markets

Singapore Shares in Green as US-Iran Continue with Peace Negotiations

Singapore shares closed higher on Monday, with investor sentiment given a boost as dialogue between the US and Iran for lasting peace continued.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,204.01 and 5,174.30 throughout the day. It ended the session at 5,204.01, up 11.31 points or 0.2% compared to Friday's close.On the corporate front, shares of Asiatic Group (SGX:5CR) plunged over 25% as it agreed to dispose of a 49% stake in Colben Energy (Cambodia) to the chairman of its joint venture partner, Royal Group Phnom Penh, for $3.1 million.MetaOptics (SGX:9MT) closed nearly 2% as it received a revised listing and quotation notice from the SGX-ST for up to 121.3 million new shares to support its proposed listing on the Nasdaq exchange via American Depository Shares.Meanwhile, shares of Frasers Logistics & Commercial Trust (SGX:BUOU) were down nearly 2% at the close as it signed two five-year property management agreements.

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Asia

MetaOptics Receives Revised SGX Notice for Planned Nasdaq Listing

MetaOptics (SGX:9MT) received a revised listing and quotation notice from the SGX-ST for up to 121.3 million new shares to support its proposed listing on the Nasdaq exchange via American Depository Shares, according to a Friday bourse filing.Shares of the metalens producer were up over 1% in Monday trading.The revised notice will cover 102.4 million shares for the main ADS offering, up to 15.4 million shares for an overallotment option, and up to 3.5 million shares for the exercise of warrants.

SGX:9MT
Asia

MetaOptics to Issue 3 Million ADS for Proposed Nasdaq Listing

MetaOptics (SGX:9MT) will issue 3 million American depository shares at between $5 and $7 apiece for its proposed Nasdaq Capital Market listing, according to a Wednesday filing with the Singapore Exchange.Based on the amended F-1 form filed with the U.S. SEC, up to 450,000 additional ADS may be issued in case of overallotment.Roth Capital Partners and The Benchmark Company were nominated as underwriters.The Singaporean semiconductor optics company said proceeds will be used for product development, strategic partnerships and potential acquisitions.

SGX:9MT
Asia

Singapore Shares Incur Losses as US-Iran Conflict Heats Up Again; Resources Global Development Up 9%

Singapore shares shed more than 1% at the close of market on Thursday, tracking regional losses, with investor sentiment taking a hit following the resumption of hostilities between the US and Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,064.20 and 5,112.09 throughout the day. It ended the session at 5,067.53, down 70.71 points or 1.4% compared to Wednesday's close.On the corporate front, shares of Resources Global Development (SGX:V7R) surged over 9% at the close as it outlined plans to subscribe to its pro-rata entitlement of around 111.8 million shares in Indonesia-listed PT Singaraja Putra (IDX:SINI) for around SG$40 million.The Assembly Place (SGX:TAP) closed over 2% lower after it signed a joint venture agreement with three partners to operate serviced apartments in Tanglin Road, Singapore.Meanwhile, shares of MetaOptics (SGX:9MT) were down nearly 2% despite the semiconductor company confirming the proposed dual listing on the Nasdaq Stock Market to be on track.

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Asia

MetaOptics On Track for Nasdaq Listing; Shares Down 3%

MetaOptics' (SGX:9MT) proposed dual listing on the Nasdaq Stock Market remains on track, according to a Wednesday filing with the Singapore Exchange.Shares of the semiconductor optics company slid over 3% during Thursday trading.The company has received an SGX listing and quotation notice for the new shares tied to the Nasdaq listing, with the new shares to be placed out by July 31, in compliance with bourse directives.

SGX:9MT
Asia

MetaOptics Files Amended Application for Nasdaq Listing; Shares Up 3%

MetaOptics (SGX:9MT) submitted an amended registration statement on form F-1 as part of its listing on the Nasdaq Stock Exchange, according to a Tuesday filing with the Singapore Exchange.The amended registration reflects the number of American depository shares to be offered and the ratio of each share to the number of underlying shares currently traded on the Singapore bourse.Shares of the advanced metalens manufacturing company were up over 3% in Tuesday trading.

SGX:9MT
Asia

MetaOptics Files for Nasdaq Listing via ADS Offering

MetaOptics (SGX:9MT) filed a Form F-1 registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of American Depository Shares (ADS).The number of ADS to be offered and the price range of the proposed offering are yet to be determined, according to a Tuesday filing with the Singapore Exchange.The offering will be made only via a prospectus, the filing added.

SGX:9MT
Asia

MetaOptics Secures Design, Evaluation Orders; Shares Up 3%

MetaOptics (SGX:9MT) said it had secured design and evaluation orders for its metalenses and modules from a consumer electronics company based in South Korea, according to a Wednesday filing with the Singapore Exchange.Shares of the advanced metalens manufacturing company were up nearly 3% in Thursday trading.Following successful testing, the company is coordinating with the customer to help with its product launch cycle.Meanwhile, the company has also submitted a prototyping and production proposal to a European technology firm for its automatic metalens tester.

SGX:9MT

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