The Business Times
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metech intl

Singapore

Former CEO of Citiraya Industries slapped with a misappropriation charge, after nearly 2 decades on the run

The company will meet Setia Law in the coming week to seek an amicable solution.
Companies & Markets

Metech receives letters of demand  from Setia Law over legal costs

Metech says the group had realised only S$3,000 in revenue in the lab-grown diamond business for the 12 months ended Jun 30, 2023, against S$2.78 million for the financial year ended Jun 30, 2022.
Companies & Markets

Metech notes ex-JV partner’s expertise after SGX queries about continued collaboration

As part of the settlement, Deng Yiming will still have to pay S$483,000 in damages to Metech, as ordered by the High Court in October.
Companies & Markets

Metech, ex-JV partner Deng Yiming to drop legal suits, work together to expand diamond business

The High Court’s assessment of the amount of damages comes after Deng was also ordered to pay Asian Eco Technology S$34,000 in costs in August this year.
Companies & Markets

Metech’s former JV partner ordered to pay S$483,000 in damages over missing diamonds

Metech says a High Court judge has ordered Deng Yiming to pay its joint-venture entity costs totalling S$34,000, excluding disbursements.
Companies & Markets

Court orders ex-director of Metech JV to pay costs over missing diamonds

MeTech International says it has filed a second lawsuit in the High Court against Deng Yiming, one of the owners of its subsidiary’s former joint-venture partner over the sale of overpriced machines.
Companies & Markets

MeTech JV files second lawsuit against ex-director Deng Yiming

The diamonds were last in Deng’s possession, and the director had, to date, not satisfactorily addressed issues relating to them, Metech said in a bourse filing. 
Companies & Markets

Metech JV files lawsuit against ex-director Deng Yiming over missing diamonds 

The latest requisition letter refers to the company’s announcement on Nov 6 in relation to another requisition letter dated Nov 4 from Ng Eng Tiong, who is seeking an EGM to remove the company’s chief executive officer.
Companies & Markets

Two Metech substantial shareholders seek EGM to be appointed directors

Besides the removal of the CEO, Ng in his requisition letter is also seeking a resolution that the appointment of any director to the company’s board from the date of the requisition to the date of the EGM be invalidated and such directors (if any) to be removed from office with effect from the date of the EGM.
Companies & Markets

Metech substantial shareholder seeks EGM to remove CEO

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