Tex Cycle to acquire stake in GLT BP Power

GLT is involved in the palm oil supply chain through the construction and management of biogas renewable energy projects including the sale of electricity generated to the national grid, it said in a filing with Bursa Malaysia.

PETALING JAYA: Tex Cycle Technology (M) Bhd will acquire a 30% stake in GLT BP Power Sdn Bhd (GLT) for RM4.5mil cash from Green Lagoon Technology Sdn Bhd.

GLT is involved in the palm oil supply chain through the construction and management of biogas renewable energy projects including the sale of electricity generated to the national grid, it said in a filing with Bursa Malaysia.