Thejo Engineering Limited — JV/Acquisition, 19-03-2025: Acquisition

Thejo Engineering Limited has executed the acquisition of an additional 10% stake in Thejo Australia Pty Ltd (TAPL) from Bridgestone Mining Solutions Australia Pty Ltd, increasing its ownership in TAPL to 100%. The transaction, involving 300,000 shares at a total cost of AUD 498,480, will make TAPL a wholly-owned subsidiary. This expansion aims to enhance operational efficiencies and market presence in the conveyor service sector in Australia, given TAPL's recent turnover of AUD 25.40 million. The move is strategic, allowing for better management and integration of resources within the company.