MClean Technologies is set to pay a sum of RM301,800 to WTE upon the execution of the SPA. The remaining balance sum of RM5.73 million is expected to be paid within a period of six months from the completion of the agreement.
Catalist-listed Jubilee Industries Holdings (SGX:NHD
) says its wholly-owned subsidiary, WE Total Engineering (WTE), has entered into a sale and purchase agreement (SPA) with MClean Technologies Berhad for the sale of WTE’s plastic business.
Under the SPA, WTE’s plastic business has a cash consideration of RM6.04 million ($1.89 million).
