Singapore Stocks to Watch: Metis Energy
Tiger Newspress2022-09-05
THE following company saw new developments that may affect trading of its securities on Monday (Sep 5):
Metis Energy (L02): Renewable energy infrastructure company Metis Energy has entered into a sale and purchase agreement with Kaiyi Investment to sell shares in Manhattan Property Development (MPDPL) for US$45.7 million.
Metis Energy, formerly known as Manhattan Resources, currently holds 30.2 per cent shareholding interest in MPDPL, while Kaiyi, an investment holding firm, holds 69.8 per cent.
The company had agreed last Friday (Sep 2) to sell all its remaining shares in the capital of MPDPL to Kaiyi, which had agreed to purchase, Metis Energy said in a bourse filing on Sunday.
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