Investment16 Oct 2025, 02:22 pm
Mold-Tek Technologies Invests $100,000 in Beryl Engineering Inc., Grants $4 Million Loan
AI Summary
Mold-Tek Technologies Ltd. announced the outcomes of its Board Meeting held on October 16, 2025. The company approved an investment of up to $100,000 in Beryl Engineering Inc., a newly incorporated Engineering services company in Florida, USA, making it a wholly-owned subsidiary. Additionally, a loan of up to $4 Million was granted to support Beryl's strategic expansions, acquisitions, and working capital needs. The investment is expected to be completed by Q3 of FY 2025-26, subject to customary closing formalities.
Key Highlights
- Mold-Tek Technologies to invest $100,000 in Beryl Engineering Inc.
- Beryl Engineering Inc. to become a wholly-owned subsidiary of Mold-Tek Technologies.
- Mold-Tek Technologies grants $4 Million loan to Beryl Engineering Inc.
- Loan to support Beryl's strategic expansions, acquisitions, and working capital needs.
- Investment expected to be completed by Q3 of FY 2025-26.