Tex Cycle CEO Gary Dass Anthony Francis
KUALA LUMPUR: Tex Cycle Technology (M) Bhd
has proposed to acquire a 60% stake in Safety & Environmental Laboratory Sdn Bhd (SEL) for RM8.4mil to enhance its environmental testing and compliance services.
In a filing with Bursa Malaysia, the waste management and recycling solutions provider said it entered into a term sheet with Kaliswaran Palanisamy to acquire 450,000 ordinary shares representing 60% of equity interest in SEL.
