Tex Cycle Propose Main Market Transfer

Tex Cycle Technology (M) Berhad has announced its proposed transfer from the ACE Market to the Main Market of Bursa Malaysia Securities Berhad marking a major milestone in the group’s growth trajectory.

The proposed transition comes after the group met profit requirements set by the Securities Commission Malaysia, the group had profit after tax exceeding RM20 million over the last three to five financial years and RM7.93 million in the most recent fiscal year.

This strategic upgrade to the Main Market is anticipated to enhance its prestige and improve marketability of its shares, and attract a broader investor base, including more institutional investors. It also aims to provide greater confidence to customers, suppliers, business partners, and shareholders, further solidifying Tex Cycle’s position as a leader in the waste management and environmental sustainability sector.

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