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Tex Cycle has proposed to acquire the entire equity interest in Meridian World Sdn Bhd for RM55mil cash. According to management, these funds will be sourced from internally generated funds and/or bank borrowings
Tex Cycle reported robust profits in the first quarter and announced a partnership with the renowned oil and gas company Evolusi Bersatu Sdn. Bhd. to construct a waste management facility in Sabah. Another black horse in Bursa !