Tex Cycle enters into JV for RE business

KLPK Niaga Sdn Bhd will also explore and secure bamboo plantations as a potential fuel source for the project in the long term, subject to feasibility study.

PETALING JAYA: Tex Cycle Technology (M) Bhd has entered into a new joint venture (JV) with majority ownership to expand its renewable energy (RE) generation business.

The company told the stock exchange yesterday that its wholly-owned subsidiary, Tex Cycle Sdn Bhd (TCSB), had on July 15 entered into a shareholders’ agreement with Pakar Go Green Sdn Bhd (PGG) and KLPK Niaga Sdn Bhd.