Singapore:ACRO

AcroMeta Receives Buy-Out Offer for its Controlled Environments Engineering Subsidiary

Retrieved on: 
Friday, January 26, 2024

Ltd. (the "Purchaser") in relation to the sale and purchase of 100% of the issued share capital of its wholly-owned subsidiary, Acromec Engineers Pte Ltd (the "Buy-Out").

Key Points: 
  • Ltd. (the "Purchaser") in relation to the sale and purchase of 100% of the issued share capital of its wholly-owned subsidiary, Acromec Engineers Pte Ltd (the "Buy-Out").
  • In addition, the Buy-Out is set to include the novation of LSI's net debt, further strengthening the Group's financial position.
  • - 6 October 2023 - LSI entered into a Management Agreement with HB Universal Pte Ltd, a subsidiary of Mainboard-listed Ho Bee Land Limited.
  • Mr Levin Lee, ACROMETA's Executive Chairman, said, "While the controlled environments engineering EPC (Engineering, Procurement, Construction) business still has growth potential, there will be ongoing margin pressures and challenging operating conditions, primarily due to increased costs in energy, manpower and construction materials.

Acrometa Signs Strategic Cooperation Framework Agreement to Develop Co-Working Lab Space in China

Retrieved on: 
Tuesday, December 12, 2023

The Agreement follows an earlier MOU signed in November 2023 to further deepen their collaboration for the co-working laboratory space business in the People's Republic of China.

Key Points: 
  • The Agreement follows an earlier MOU signed in November 2023 to further deepen their collaboration for the co-working laboratory space business in the People's Republic of China.
  • Fenglin Group will promote the co-working laboratory space with a focus on overseas biomedical science startups and SMEs planning to develop their business in China.
  • LSI and Fenglin will work closely together to fulfil the goals of our strategic cooperation in the co-working laboratory business.
  • Our co-working laboratory space business will enable them to conduct their R&D without incurring high CAPEX to build the facilities."

Acrometa Posts Record Revenue of S$69.5 Million for FY2023, Continues to Pursue New Opportunities in Co-Working Lab Space Business

Retrieved on: 
Wednesday, November 29, 2023

Gross profit increased by 19% from S$9.8 million for FY2022 to S$11.7 million for FY2023, while gross profit margins improved from 15.7% for FY2022 to 16.8% in FY2023.

Key Points: 
  • Gross profit increased by 19% from S$9.8 million for FY2022 to S$11.7 million for FY2023, while gross profit margins improved from 15.7% for FY2022 to 16.8% in FY2023.
  • The Group's continuing operations comprising of its specialist EPC and maintenance segments recorded a profit of S$2.2 million on the back of a 10.8% growth in revenue from S$62.3 million for FY2022 to S$69.0 million for FY2023.
  • Excluding these, the net profit would be S$2.3 million compared to FY2022 net profit of S$2.9 million.
  • This press release should be read in conjunction with the financial statements released by AcroMeta Group Limited today.

Acrometa Subsidiary Signs Two MOUs to Develop Co-Working Laboratory Space Business in China

Retrieved on: 
Friday, November 17, 2023

- New strategic partnership reflects continued efforts to explore international expansion opportunities for the Group's scalable and replicable co-working laboratory space business.

Key Points: 
  • - New strategic partnership reflects continued efforts to explore international expansion opportunities for the Group's scalable and replicable co-working laboratory space business.
  • Fenglin Group will promote the co-working laboratory space with a focus on overseas biomedical science startups and SMEs planning to develop their business in China.
  • On its part, LSI will use its existing business networks to recommend to Fenglin Group, Singapore and other overseas biomedical sciences companies that intend to have a business foothold in China and need co-working laboratory space.
  • The business model for the Group's co-working laboratory space business is scalable and replicable and therefore eminently suitable for international expansion."

Acrometa Group Signs MOU for Sand Concession, Opening New Business Opportunities in the Region

Retrieved on: 
Monday, November 6, 2023

Swadaya Buana Makmur for the supply of high-grade silica sand from West Kalimantan.

Key Points: 
  • Swadaya Buana Makmur for the supply of high-grade silica sand from West Kalimantan.
  • SINGAPORE, Nov 6, 2023 - (ACN Newswire) - ACROMETA Group Limited ("ACROMETA", or the "Company" and together with its subsidiaries, the "Group"), today announced that the Company has signed a Memorandum of Understanding ("MOU") to pursue new business opportunities in Indonesia.
  • A non-binding non-exclusive MOU was signed between ACROMETA and PT.
  • ACROMETA will continue to capture new business opportunities to grow and create shareholder value for its investors."

Acrometa to Focus on Laboratory Construction and Co-Working Laboratory Space Business

Retrieved on: 
Tuesday, October 31, 2023

Ltd. ("NTP"), had on 27 October 2023 initiated the process to place NTP under Creditors' Voluntary Liquidation ( "CVL").

Key Points: 
  • Ltd. ("NTP"), had on 27 October 2023 initiated the process to place NTP under Creditors' Voluntary Liquidation ( "CVL").
  • The directors of NTP had on 27 October 2023 resolved to place NTP in Provisional Liquidation, pending its eventual liquidation.
  • This decision arises from the inability of NTP to continue?its regular business operations by reason of their liabilities.
  • Mr Lim Say Chin, CEO of AcroMeta Group said, "Conversion of poultry waste to green electricity is a fundamentally promising business.

ACROMETA's Life Science Incubator (LSI) Signs Agreement with Ho Bee Land subsidiary to operate Co-Working Laboratory

Retrieved on: 
Friday, October 6, 2023

The MA engages LSI to operate and manage a co-working laboratory centre at Elementum, One-North, a building in the heart of Singapore's biomedical industry district.

Key Points: 
  • The MA engages LSI to operate and manage a co-working laboratory centre at Elementum, One-North, a building in the heart of Singapore's biomedical industry district.
  • The MA engages LSI to operate, manage, promote and market the co-working laboratory centre; and to provide management and consultancy services for the business.
  • The construction of the laboratory would be done by Acrometa's wholly-owned subsidiary Acromec Engineers, and LSI would operate the laboratory; with an option for joint ownership.
  • Mr Lee added, "Having a working partnership with Ho Bee Land, a well-known and established property developer, would solidify the LSI brand of co-working laboratory spaces.

AcroMeta's Laboratory Construction Business Rides on Singapore's Pandemic Readiness Strategy

Retrieved on: 
Tuesday, August 15, 2023

The state-of-the-art project involves the construction of a high containment biosafety laboratory using modular panels for both reliability and durability to withstand long periods of hard usage and repeated commissioning.

Key Points: 
  • The state-of-the-art project involves the construction of a high containment biosafety laboratory using modular panels for both reliability and durability to withstand long periods of hard usage and repeated commissioning.
  • Construction would be carried out in a 'live' building with many existing tenants without affecting their operations.
  • Singapore emerged from the Covid-19 pandemic as one of the countries that scored high marks for its handling of the crisis.
  • The government has implemented the findings of the Covid-19 White Paper published on 8 March 2023 which detailed the 7 lessons to be learned from the pandemic and implemented a pandemic readiness strategy.