PETALING JAYA: Tex Cycle Technology (M) Bhd
subscribed for RM10mil in nominal value of perpetual medium-term notes (perpetual MTN) issued by Chin Hin Group Bhd.
Tex Cycle said the perpetual MTN offers an annual return of 7.5%, which is significantly higher than its other investments in unit trust which offers an average return of 2.51% to 7.09% per annum.
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