It holds a 70% stake in the company.

SGX-listed AcroMeta plans to divest its 70% stake in Life Science Incubator for $2.7m as it shifts focus to mineral sands trading.

The company said the proposal awaits shareholder approval at its Extraordinary General Meeting.

Meanwhile, the company's wholly-owned subsidiary, AcroMeta Minerals, has already entered into a memorandum of understanding with Constance Holding to collaborate in mineral sands trading.