- ACROMETA seeks to unlock value from its disposal of Life Science Incubator Holdings Pte. Ltd. following a strategic review.
- ACROMETA's wholly-owned subsidiary has entered into a non-binding MOU with a Malaysian sand concessionaire to facilitate further collaboration in mineral sand trading.

- The offer is set to unlock significant value, strengthen the Group's financial position and optimise its allocation of resources
- AcroMeta to focus on its fast-growing co-working laboratory space business on the back of the Life Sciences industry's rapid growth
- AcroMeta will also pursue new business opportunities in Indonesia for the supply of high-grade silica sand to broaden its revenue stream

AcroMeta subsidiary LSI held an investors' presentation and site visit for guests at its co-working lab facility at the German Centre Singapore

- Continuing operations from EPC and maintenance segments continued to contribute positively with 10.8% revenue growth and a robust orderbook
- Co-working lab space business to be developed as a new engine of growth for the Group's business moving forward

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

- ACROMETA signs MOU with PT. Swadaya Buana Makmur for the supply of high-grade silica sand from West Kalimantan.
- Up to one million tonnes of supply annually targeted with an estimated open market value of US$39 million[1]

- The Board of Directors of waste-to-energy subsidiary Neo Tiew Power initiates process to place the company under Creditor's Voluntary Liquidation
- Group views action as prudent for optimal allocation of resources
- The Group will continue to focus on its encouraging cash flow positive laboratory construction and co-working laboratory space businesses

- Located at Elementum, One-North, in the heart of the biomedical industry hub
- Project will triple the size of LSI's co-working laboratory space operations in Singapore
- Able to serve customers requiring larger spaces for their R&D
- Partnership with recognized property developer a boon to the LSI brand
- Plans for international expansion of co-working laboratory business

- S$19m contract awarded for detailed engineering and construction of a high containment biosafety level research laboratory
- Research laboratories a vital link in Singapore's pandemic readiness strategy

- Life Science Incubator plans to build a co-working laboratory space in Brisbane, Australia's flourishing life science hub.
- The anchor tenant belongs to a regional German commercial property management group which plans to lease and operate the co-working office area and meeting rooms within the premises.
- The two parties will promote each other's facilities and services to their respective tenants, members, and business network.

- Sales & Purchase Agreement signed following up from 20 February 2023 Letter of Intent
- S$1.6 million purchase price payment in tranches tied to milestones for set-up, the start of operations and profitability of planned additional co-working lab spaces
- Two additional co-working laboratory spaces are to be set up: one in Brisbane, Australia and one in Singapore
- Site visits and inspections carried out at the Brisbane location deemed suitable for the proposed co-working laboratory space

- Wholly owned subsidiary, Acromec Engineers to design and construct the laboratory
- LSI, co-working laboratory operator to operate the laboratory
- Potential for joint ownership of laboratory

- Increased stake in LSI to 70% will add another dimension of growth for the Group
- Strong demand for co-working laboratory space as more SMEs and start-ups conduct R&D to innovate
- Plans to expand into Asia-pacific region, starting with Australia

- Wealth of experience and enviable investing track record
- Sees high potential in ACROMETA's controlled environments engineering business
- Aims to let investors better understand ACROMETA's business and optimize its market value

- Record contract win since listing in 2016; places Group on higher platform
- Contract from renowned Customer in semicon industry; riding expansion wave
- Well positioned for post-COVID; recently completed R&D/production lab for COVID-19

- Launch event was graced by Guest of Honour Mr. Alvin Tan, Minister of State for the Ministry of Culture, Community and Youth, and the Ministry of Trade & Industry
- Serving early-stage bio and pharma start-ups, companies and entrepreneurs in the MedTech, Biotech, Biopharma, FoodTech sectors, the 600 square metre Life Science Incubator will provide flexible co-working laboratory spaces for research and development

- Two renowned medical specialists as core management team
- Leading US fertility centre to be strategic investor and adviser
- ACROMEC to acquire the premises and equipment for the fertility centre