Investment16 Oct 2025, 02:35 pm
Mold-Tek Technologies Invests $100,000 in Beryl Engineering & Grants $4 Million Loan
AI Summary
Mold-Tek Technologies Ltd. has approved an investment of up to $100,000 in Beryl Engineering Inc., a newly incorporated Engineering services company in Florida, USA, by subscribing to its equity shares. This will make Beryl a wholly-owned subsidiary of Mold-Tek. Additionally, the Board has granted a loan of up to $4 Million to support Beryl's strategic expansions, acquisitions, and working capital needs. The investment is expected to be completed by Q3 of FY 2025-26.
Key Highlights
- Mold-Tek Technologies to invest $100,000 in Beryl Engineering Inc.
- Beryl Engineering Inc. will become a wholly-owned subsidiary of Mold-Tek Technologies.
- The investment aims to expand Mold-Tek's global engineering services footprint.
- Mold-Tek grants a $4 Million loan to Beryl Engineering Inc.
- Loan to support Beryl's strategic expansions, acquisitions, and working capital needs.