Fineotex Chemical’s overseas subsidiary -- Fineotex Malaysia (FML) incorporated in Malaysia has increased its holding in its step down subsidiaries, namely BT Chemicals, BT Siotex and Rovatex.
Post acquisition, FML’s holding in BT Chemicals increased from 67.16% to 71.92%, and the company’s holding in BT Siotex increased from 67.62% to 72.38%. Further, the company’s holding in Rovatex increased from 70.00% to 74.76%.
Fineotex Chemical is engaged in the manufacturing of Specialty Chemicals and Enzymes for various industries .The company manufactures and trade in Specialty Chemicals and Enzymes for Textile & Garment Industry, Construction Industry, Leather Industry, Water Treatment Industry, Paint Industry Agrochemicals, Adhesives and others.
