Metech raises net S$2.86 million from partial share placement, repays S$1 million loans

• Metech International posted a July 2026 business update, highlighting progress on a planned disposal of its 80% stake in Asian Eco Technology.
• Partial completion of a 100,000,000-share placement raised net proceeds of about S$ 2.86 million.
• Use of proceeds shifted on July 15 to include S$ 1 million loan repayment; S$ 1.86 million earmarked for working capital.
• As of the update, S$ 1.25 million had been used; S$ 1.61 million remained.
• Discussions opened on a potential additional S$ 3 million interest-free loan to fund expansion plans.

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: IHKCPKP71ZUQSRTY) on August 02, 2026, and is solely responsible for the information contained therein.