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Texchem to dispose of 51% stake in Acumen Scientific for RM4.28m


KUALA LUMPUR: Texchem Resources Bhd has entered into a share purchase agreement and shareholders' agreement with a US-based company to dispose of 51% stake in Acumen Scientific Sdn Bhd for RM4.28mil.

In a filing with the stock exchange, Texchem said the sale to Merieux Nutrisciences Corp was to dispose of a non-core operating subsidiary while unlocking the value of its investment in the company.

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