SGX:V3M

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Metech International to Raise SG$4 Million Via Subscription Agreements; Shares Jump 9%

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.

SGX:V3M

Asia26d ago

Metech International Concludes Debt Capitalization

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.

SGX:V3M

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