SG briefs: Metech, Vallianz, Astaka, CFM

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Singapore company briefs: Metech International, Vallianz Holdings, Astaka Holdings and CFM Holdings.

Metech International

Metech International said Thursday its joint venture company, Asian Eco Technology, obtained exclusive rights to a patent to use and replicate the plasma enhanced chemical vapor deposition (PECVD) machine for producing low-k dielectric constant materials, and a type of production technology for manufacturing high thermal conductivity diamonds and aluminium composite materials.

Those materials are used in semiconductor manufacturing, the company said in a filing to SGX.

Read Metech International’s filing to SGX.

Metech International

Metech International said Thursday that the recent fluctuations in its share price are the result of trading activity and market forces beyond its control. 

“The company wishes to clarify that, to the best of its knowledge, the company does not know nor has it been made aware of the circumstance which had caused the movement in its share price and trading volume as highlighted by SGX-ST. However, the company shall give its best support and assistance to SGX-ST in any further investigation,” Metech said in a filing to SGX.

Metech said internal checks had resulting in confirmations from board members and management that they were not involved in any trading activity during the relevant period.

After Singapore Exchange Regulation (SGX RegCo) issued a “trade with caution alert” for its shares on 20 January, the share price posted a “significant decrease,” Metech noted.

Read more: SGX RegCo: Metech shares’ run-up and fall due to connected accounts

Vallianz Holdings

Vallianz Holdings said Thursday it has completed the disposal of its 49 percent interest in PT Vallianz Offshore Maritim (PTVOM). PTVOM will cease to be an associated company of the group, Vallianz said in a filing to SGX.  

Read more: SG stocks Monday: Mapletree Commercial, MNACT, Oiltek, Koh Brothers Eco, Fuxing China, Vallianz, TIH

CFM Holdings

CFM Holdings guided Thursday it expected to swing to a profit after tax for the six month period ended 31 December, from a net loss after tax for the year-earlier period. 

“The improvement in financial performance in terms of profit after tax for HY2022 was mainly due to higher revenue by the metal stamping segment due to ramp up of customer’s orders, increase in unit price to customers due to global material price increase and a slightly higher revenue from the cleanroom segment, whilst lower revenue was generated by the toolings, warehousing and logistics segments,” CFM Holdings said in a filing to SGX.

The results are scheduled to be released on or before 14 February, the company said.

Astaka Holdings

Astaka Holdings said Thursday it has entered a non-binding memorandum of understanding (MOU) with Straits Perkasa Services for a potential tie-up for a mixed-use development project in Johor, Malaysia, with an estimated gross development value of 160 million ringgit.

Read Astaka Holdings’ filing to SGX.