Tega Industries Subsidiary Incorporates New Dubai Entity

Tega Industries Ltd announced the incorporation of a new step-down subsidiary, Tega Molycop Management Consultancy L.L.C., in Dubai. This new entity, wholly owned by its subsidiary Tega MC Global Holdings Pte. Ltd., will focus on Marketing Research & Consultancies, Management Consultancies, and Human Resources Consultancies. The subsidiary has a capital of AED 100,000 and is yet to commence business operations, thus its size and turnover are not applicable. This move is considered a related party transaction and is expected to support the company's consultancy services.