Metech delays completion of 50 million-share placement to Raffles Capital by two months

• Metech International delayed completion of its placement of 100,000,000 new ordinary shares after Raffles Capital sought a two-month extension.
• The cut-off date for completing the placement with Raffles Capital was extended to Sept. 25 from July 25, citing extra time needed to remit funds.
• The listing approval for the remaining 50,000,000 shares earmarked for Raffles Capital will lapse; a fresh SGX-ST application will be filed later.
• The company still plans to allot and issue the other 50,000,000 placement shares to Ma Ong Kee under the existing subscription agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Metech International Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: PWL23DRH5T6PKRHD) on July 12, 2026, and is solely responsible for the information contained therein.