Another big acquisition as Meridian World is principally involved in chemical processing, provision of waste water treatment facilities, waste recycling services and trading of industrial chemicals. This acquisition will enable Tex Cycle to expand its product and service to north peninsula
What a cash-rich company this TEXCYCL. According to the news, the Meridian World acquisition will be financed through internally generated funds and/or bank borrowings
Tex Cycle Technology together with partner Green Lagoon Technology Sdn Bhd have officially announced the commencement of operations of the GLT BP Power Sdn Bhd biogas power plant !
Deputy Minister Datuk Chan Foong Hin explained that the first project involving cooperation between Tex Cycle Technology (M) Bhd, Green Lagoon Technology Sdn Bhd, SD Guthrie Bhd, and Hok Huat Group Sdn Bhd could also pioneer the development of renewable energy technology through oil palm waste in the country.
The facility in Bukit Pasir, Johor can convert palm oil mill effluent into biogas, significantly reducing environmental waste and providing a sustainable energy source 🏭
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Amnesia52
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Posted by Amnesia52 > 2024-06-13 19:53 | Report Abuse
Tex Cycle to buy Meridian World for RM55mil cash
https://www.thestar.com.my/business/business-news/2024/06/13/tex-cycle-to-buy-meridian-world-for-rm55mil-cash