【TEXCYCL 0089 交流专区】Tex 循环科技

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2024	30 Jun 2023	30 Jun 2024	30 Jun 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	8,256	8,474	16,253	17,586
2	Profit/(loss) before tax	2,811	6,134	10,199	8,793
3	Profit/(loss) for the period	2,519	5,328	9,050	7,110
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,505	5,068	9,106	6,814
5	Basic earnings/(loss) per share (Subunit)	0.99	2.10	3.57	2.81
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6007		0.5530

icy97

Type	Announcement
Subject	OTHERS
Description	TEX CYCLE TECHNOLOGY (M) BERHAD ("TEX CYCLE" OR THE COMPANY")  PROPOSED ACQUISITION OF 450,000 ORDINARY SHARES REPRESENTING 60% EQUITY INTEREST IN SAFETY & ENVIRONMENTAL LABORATORY SDN BHD ("PROPOSED ACQUISITION")
The Board of Directors of Tex Cycle Technology (M) Berhad ("Tex Cycle" or “the Company") wishes to announce that the Company, had on 19 August 2024 entered into a term sheet (the “Term Sheet”) with Kaliswaran A/L Palanisamy (“the Vendor”) to acquire 450,000 ordinary shares representing 60% of equity interest in Safety & Environmental Laboratory Sdn Bhd (“SEL”) (“Sale Shares”) for a purchase consideration of RM8,400,000.00 (“Purchase Consideration”) (“Proposed Acquisition”). Please refer to the attachment for further details on the Proposed Acquisition. This announcement is dated 19 August 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3474494

Attachments Announcement - Term Sheet SEL.pdf

Type	Announcement
Subject	OTHERS
Description	TEX CYCLE TECHNOLOGY (M) BERHAD ("TEX CYCLE" OR THE COMPANY") PRESS RELEASE : PROPOSED ACQUISITION OF 450,000 ORDINARY SHARES REPRESENTING 60% EQUITY INTEREST IN SAFETY & ENVIRONMENTAL LABORATORY SDN BHD ("PROPOSED ACQUISITION")
We refer to the Company's announcement dated 19 August 2024 in respect of the acquisition of 450,000 ordinary shares representing 60% of equity interest in Safety & Environmental Laboratory Sdn Bhd ("SEL") and enclose a copy of the Press Release for information. This announcement is dated 19 August 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3474602

Attachments TEXCYCLE-240819-PR-EN-SEL-ACQUISITION-Final2.pdf

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TEX CYCLE TECHNOLOGY (M) BERHAD

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-21082024-00001
Subject	TEX CYCLE TECHNOLOGY (M) BERHAD (TEX CYCLE OR COMPANY) - PROPOSED ACQUISITION OF 450,000 ORDINARY SHARES REPRESENTING 60% EQUITY INTEREST IN SAFETY & ENVIRONMENTAL LABORATORY SDN BHD (SEL) (PROPOSED ACQUISITION)
Description	Reply to query
Query Letter Contents	We refer to your Company’s announcement dated 19 August 2024, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1) The basis of arriving at the consideration, other than on a “willing buyer willing seller” basis. If it was based on net assets, the year the net assets were taken into consideration, quantifying the net assets and stating whether it was based on audited financial statements. 2) The justification for the consideration. 3) The prospects of SEL. 4) A statement as to whether the profit guarantee provided is realistic, taking into consideration the historical performance and future prospects of SEL. 5) The details of Tex Cycle’s right of recourse in the event the Minium NTA is not met. 6) The financial information of SEL, including the net profits and net assets. 7) The particulars of all liabilities, including contingent liabilities and guarantees to be assumed by Tex Cycle, arising from the Proposed Acquisition. 8) A statement on whether the Proposed Acquisition is subject to approval of the shareholders and the relevant government authorities. In the case of shareholder approval, the highest percentage ratio applicable to the Proposed Acquisition pursuant to Rule 10.02(g) of ACE Market Listing Requirements (“ACE LR”). In the case of approval from the relevant government authorities, the estimated time frame for submission of the application to such authorities. 9) A statement on whether the directors, major shareholders or persons connected with a director or major shareholder, have any interest, direct or indirect, in the Proposed Acquisition, and the nature and extent of their interests. 10) A statement by the board of directors, excluding interested directors, stating whether the Proposed Acquisition is in the best interests of Tex Cycle. 11) The source of funding of the purchase consideration and its breakdown. 12) The estimated time frame to complete the Proposed Acquisition.
Please refer to the attachment for additional information. This announcement is dated 23 August 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3476308

Attachments TCTB - Additional information (23-08-2024).pdf

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Type	Announcement
Subject	OTHERS
Description	TEX CYCLE TECHNOLOGY (M) BERHAD ("TCTB" or "the Company")- License To Manufacture & Distribution Agreement between Ground Control Sdn Bhd ("GCSB"), a 55%-owned subsidiary of TCTB, and Peats Group Limited and BiobiN Technologies Pty Ltd ("BiobiN")
The Board of Directors of Tex Cycle Technology (M) Berhad ("TCTB" or "the Company") wishes to announce that Ground Control Sdn Bhd ("GCSB") a 55%-owned subsidiary of the Company, had on 27 August 2024 entered into a License To Manufacture & Distribution Agreement with Peats Group Limited and BiobiN Technologies Pty Ltd ("BiobiN") to manufacture and distribute the specified in-vessel composting units ("Products") in Malaysia on an exclusive basis. Further details of the above are set out in the attachment. This announcement is dated 27 August 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3477445

Attachments TCTB - License to manufacture Distribution Agmt (27-08-2024).pdf

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Type	Announcement
Subject	OTHERS
Description	Tex Cycle Technology (M) Berhad ("Tex Cycle" or "the Company") - Press release on Sabah's first integrated scheduled waste management facility
We refer to the Press Release announcement made on 29 April 2024. The Company wishes to update that Tex Evolusi Waste Management Sdn Bhd has obtained the approval from the Department of Environment for the Environment Impact Assessment ("EIA") for the "Proposed off-site scheduled waste storage and recovery facility on Lot 2-9 within PL.196290767 at Sipitang Oil and Gas Industrial Park (SOGIP), Sipitang, Sabah". The construction of the integrated scheduled waste management facility is expected to commence in fourth quarter of 2024. The EIA approval is valid for 2 years from the date of the letter of approval dated 11 September 2024. The Company's Press Release entitled "Tex Cycle Receives Environmental Impact Assessment Approval for Sabah Integrated Waste Management Facility" is enclosed for information. This announcement is dated 13 September 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3483898

Attachments Tex Cycle-240913-PR-EN-EIA-Approval-Final.pdf