PETALING JAYA: Tecnic Group Bhd has entered into a non-binding memorandum of understanding (MoU) with Rohas-Euco Holdings Sdn Bhd, whereby the latter is proposing a reverse takeover (RTO) of Tecnic.
In a filing with Bursa Malaysia yesterday, Tecnic said the RTO would entail Rohas-Euco acquiring all the equity interest held by the latter in Rohas-Euco Industries Bhd (REI) comprising 68.38 million ordinary shares of RM1 for RM200mil.
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