KUALA LUMPUR: Tex Cycle Technology Bhd has completed its acquisition of Meridian World Sdn Bhd, with RM42.8mil paid to vendors and RM6.7mil retained with solicitors.
In a statement, the waste management and recycling solutions provider said Meridian World met its profit guarantee with an audited consolidated profit after tax of at least RM5.3mil for the financial year ended Dec 31, 2024 (FY24).
