Stocks to watch: Metis Energy

THE following company saw new developments that may affect trading of its securities on Monday (Sep 5):  Metis Energy: The renewable energy infrastructure company, formerly known as Manhattan Resources, has entered into a sale and purchase agreement with Kaiyi Investment to sell shares in Manhattan Property Development for US$45.7 million. Kaiyi is required to pay a deposit of US$5 million in cash to Metis Energy within 2 months from the date of the sale and purchase agreement, the company said. Shares of Metis Energy closed flat at S$0.058 last Friday.