Annica Holdings Buys Tire Recycling Plant in Malaysia from GPL Industries
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Annica Holdings has signed a conditional asset purchase agreement with GPL Industries to acquire a waste tire pyrolysis plant in Tanjung Malim, Malaysia, for SG$2.7 million. The payment will be made through the issuance of 1,766,666,666 shares at SG$0.0015 each. This acquisition aligns with Annica's strategy to expand into recycling, renewable energy, and green technology sectors.
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