Metech

Metech : to lift halt at 11am. Metech: Company just issued positive profit guidance on its earnings for 2Q13, expects to announce a 1H13 profit despite an unprofitable 1Q13. This positive turn of event is the outcome of the successful implementation of three key changes to the Group in the six months starting 1 July 2012, viz. a reorganisation of the US operations (core business of the Company), the acquisition of a profitable business in China and the disposal of the controlling interests of loss-making European units. Mgmt expects the turn-around to be sustainable and will continue to work on further improving profitability. Oei Hong Leong own 12.5% stake in Company. Company will be lifting its trading halt at 11.00am.