Metech International Faces Challenges and Explores New Ventures
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Metech International Limited (SG:V3M) is appointing a new Chief Financial Officer amid challenges in its lab-grown diamond business due to geopolitical tensions. The company is exploring new ventures, including a non-binding memorandum with MLF Ingredients to develop a food waste compression system, which shows promising results in protein content analysis. Metech operates in the lab-grown diamond and food waste management sectors, focusing on innovative solutions like premium protein powder production. Current market cap is S$9.38M with an average trading volume of 51,512.
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