11 stories mentioning SGX:V3MUpdated 6d ago
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Metech International (SGX:V3M) was extended an interest-free loan of up to SG$3 million from controlling shareholder, Cao Shixuan, according to a Wednesday filing with the Singapore Exchange.The loan will be used for business diversification and general working capital, and will mature 12 months from the agreement date.
Metech International (SGX:V3M) completed the second tranche of its proposed placement by issuing 22 million new shares to Raffles Capital on July 30.Following the issuance, the company's total issued shares increased to 335.5 million from 313.5 million, according to a Thursday Singapore Exchange filing.The newly issued shares rank equally with existing shares, but are not entitled to any dividends, rights or distributions with a record date on or before their issue date.The company said the 72 million placement shares issued to Raffles Capital and investor Ma Ong Kee at an issue price of SG$0.04 each are expected to be listed on the SGX Catalist on or about Aug. 4. The trading is expected to begin on the same day.Metech added it will provide further updates on the placement of the remaining 28 million shares to Raffles Capital under the subscription agreement.
Singapore shares surged nearly 2% on Wednesday, with regional equities mixed as anxiety over AI stocks valuations lingered, with investors guarded over massive spending.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,611.59 and 5,713.19 throughout the day. It ended the session at 5,713.19, up 97.08 points or 1.7% compared to Tuesday's close.In economic news, Singapore's export prices rose 12.7% year over year in June, according to data from the Singapore Department of Statistics.Meanwhile, Factory-gate prices in Singapore were mixed in June, with the Domestic Supply Price Index rising 30.3% year over year, while the Singapore Manufactured Products Price Index increased 31.1%, according to the Singapore Department of Statistics.On the corporate front, shares of Metech International (SGX:V3M) plunged nearly 21% at the close as it received a listing and quotation notice from the Singapore Exchange for its placement of 72 million shares at SG$0.040 per share.Meanwhile, Keppel REIT's (SGX:K71U) shares closed nearly 3% higher as its distribution per unit, or DPU, slipped 4% to SG$0.0261 in the first half of 2026 ended June 30, from SG$0.0272 a year earlier.
Metech International (SGX:V3M) received a payment of SG$880,000 from RCL for its partial subscription to 22 million placement shares at SG$0.04 each, according to a Thursday filing with the Singapore Exchange.The investment holding company signed a second supplement subscription agreement with RCL, under which the latter has agreed to subscribe to the remaining 28 million placement shares.
Singapore shares remained in the red on Friday as investor sentiment was weighed down over a sell-off of chipmakers.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,491.51 and 5,521.84 throughout the day. It ended the session at 5,509.43, down 29.95 points or 0.5% compared to Thursday's close.On the corporate front, shares of Metech International (SGX:V3M) were up nearly 5% at the close as the company reported it has not credited placement shares to subscriber Ma Ong Kee as the allotment could result in transfer of controlling interest.Geo Energy Resources (SGX:RE4) closed nearly 3% lower as its Marga Bara Jaya (MBJ) Integrated Infrastructure commenced operations on July 16, marking the start of its expansion into infrastructure and logistics alongside its coal mining business.Meanwhile, Mm2 Asia (SGX:1B0) signed an agreement to place around 16.3 billion shares at SG$0.000918 per share to MMRA for a total consideration of SG$15 million as part of its proposed restructuring.
Metech International (SGX:V3M) has not credited placement shares to subscriber Ma Ong Kee as the allotment could result in transfer of controlling interest, according to a Thursday filing with the Singapore Exchange.Shares of the supply chain company were up nearly 5% in Friday trading.The shares have not been listed and quoted, with the company stating that it does not affect the validity of subscription agreements, business operations or the parties' intention to complete the placement.Meanwhile, the company is working with Raffles Capital to complete part or all of its subscription portion by July 31, which will allow the placement to Ma to proceed without shareholder approval.In case the Raffles placement does not go through, the company will take necessary steps to comply with Catalist rules.
Metech International (SGX:V3M) completed the issuance of 50 million new shares to investor Ma Ong Kee, marking the partial completion of its proposed 100 million-share placement, according to a Monday Singapore Exchange filing.The shares were issued at SG$0.04 each, increasing the company's total issued shares to 313.5 million from 263.5 million.The shares are expected to begin trading on the SGX Catalist board on July 15.The lab-grown diamonds manufacturer said it will provide further updates on the remaining placement as appropriate.
Metech International (SGX:V3M) received a listing and quotation notice from the SGX-ST for 100 million placement shares at SG$0.040 per share, according to a Friday filing with the Singapore Exchange.Shares of the company were up over 5% in Monday trading.The shares need to be placed out within seven market days from the date of the notice.
Singapore shares closed in green on Monday as investor sentiment improved following the US and Iran decision to hold back on their attacks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,177.84 and 5,209.80 throughout the day. It ended the session at 5,208.75, up 17.02 points or 0.3% compared to Friday's close.In economic news, factory-gate prices in Singapore rose in May, with the Domestic Supply Price Index edging up 34.2% year over year, while the Singapore Manufactured Products Price Index grew 30.8%, according to the Singapore Department of Statistics.On the corporate front, shares of Metech International (SGX:V3M) surged over 9% at the close as it signed two separate subscription agreements to raise over SG$4 million via the subscription of 100 million shares at SG$0.040 per share.XMH Holdings (SGX:BQF) closed nearly 6% higher as it revealed plans for a share split of one-to-four based on a weighted average price per share of SG$2.2709.Meanwhile, shares of Keppel (SGX:BN4) were up under 1% at the close as its land dispute in Jakarta was escalated to the Supreme Court of Indonesia after the claimant, Trumpal Hutabarat, filed a cassation appeal, following the South Jakarta District Court's earlier ruling that made his lawsuit over the land underlying IFC Jakarta Tower 2 inadmissible.
Metech International (SGX:V3M) signed two separate subscription agreements to raise over SG$4 million via the subscription of 100 million shares at SG$0.040 per share, according to a Friday filing with the Singapore Exchange.Shares of the investment holding company jumped about 9% in Monday trading.Proceeds raised from the activity will be utilized for general working capital needs and to strengthen the company's financial position.
Metech International (SGX:V3M) completed its debt capitalization exercise by converting a loan of SG$1.5 million into equity by issuing around 62.5 million shares at SG$0.024 per share to a lender, according to a Tuesday Singapore bourse filing.The new shares are expected to be listed on June 4.
