Tex Cycle to Acquires 60% Stake in SEL for RM8.4mil

Tex Cycle Technology (M) Bhd has acquired a 60% stake in Safety & Environmental Laboratory Sdn Bhd (SEL) for RM8.4mil to enhance its environmental testing and compliance services.

In a filing with Bursa Malaysia, the waste management and recycling solutions provider said it entered into a term sheet with Kaliswaran Palanisamy to acquire 450,000 ordinary shares representing 60% of equity interest in SEL.

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