, Singapore
112 views
Photo by Mikhail Nilov from Pexels

Annica Holdings to purchase waste tyre plant in Malaysia

The total consideration for the acquisition is $2.7m.

Annica Holdings has entered into a conditional asset purchase agreement to acquire GPL Industries' waste tyre pyrolysis plant in Malaysia.

The total consideration for the acquisition is $2.7m. It will be satisfied by allotting and issuing 1.7 billion shares in the company's capital for $0.0015 per share.

The acquisition is part of the group's strategy to diversify into recycling, renewable energy, and green technology businesses.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!