Singapore, Dec 24, 2021 - (ACN Newswire via SEAPRWire.com) - SGX-listed Metech International Limited ("Metech" or the "Company", and together with its subsidiaries, the "Group"), is pleased to announce that its joint venture company, Asian Eco Technology Pte. Ltd. ("AET") has entered into a Strategic Collaboration Agreement with Ningbo Meishan, which Zongheng Capital is one of the ordinary partners. Ningbo Meishan with intention to provide funding of US$100 million in AET's lab-grown diamond business activities through debt and/or equity financing.Highlights:- A lab-grown diamond is a diamond: chemically, physically and optically identical to a mined diamond, hence without the need for mining, lab-grown diamonds are a sustainable source of this important material- Diamonds are more widely known to be used in jewellery but diamonds are also commonly used for industrial applications and there are more advancements for diamonds to be used in the next generation of semiconductors, aerospace, electric vehicles, medical equipment, among others.- AET has the technological capabilities to produce the highest grade of lab-grown diamonds- Ningbo Meishan with intention to provide funding of U...