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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TEX CYCLE TECHNOLOGY (M) BERHAD (TCTB or the Company) SHARE SALE AGREEMENT ENTERED BETWEEN LESTARI G2E SDN BHD WITH GREEN LAGOON TECHNOLOGY SDN BHD FOR THE ACQUISITION OF THE 30% EQUITY INTEREST IN GLT BP POWER SDN BHD

TEX CYCLE TECHNOLOGY (M) BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TEX CYCLE TECHNOLOGY (M) BERHAD (TCTB or the Company)
SHARE SALE AGREEMENT ENTERED BETWEEN LESTARI G2E SDN BHD WITH GREEN LAGOON TECHNOLOGY SDN BHD FOR THE ACQUISITION OF THE 30% EQUITY INTEREST IN GLT BP POWER SDN BHD

The Board of Directors of TCTB wishes to announce Lestari G2E Sdn Bhd, an indirect subsidiary of the Company had on 12 July 2022 entered into a Share Sale Agreement with Green Lagoon Technology Sdn Bhd (Registration No. 201001016634 (900336-X)) for the proposed acquisition of 450,000 ordinary shares in GLT BP Power Sdn Bhd (Registration No. 201901024251 (1333580-D)) (“GLT”), representing 30% equity interest in GLT, for a total purchase consideration of Ringgit Malaysia Four Million and Five Hundred Thousand Only (RM4,500,000.00).

 

Please refer to the attachment for full text of announcement. 

 

This announcement is dated 12 July 2022.




Please refer attachment below.



Announcement Info

Company Name TEX CYCLE TECHNOLOGY (M) BERHAD
Stock Name TEXCYCL
Date Announced 12 Jul 2022
Category General Announcement for PLC
Reference Number GA1-12072022-00064


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