Post-completion, Accrelist may explore potential strategic collaboration and cross-selling opportunities to expand its customer base, it said in a filing.
Accrelist subsidiary Accrelist (SGX:QZG
) Crowdfunding has entered into a sale and purchase agreement to acquire 56,269,397 ordinary shares in the capital of MClean Technologies Bhd — representing approximately 28.5% of its issued and paid-up capital — for RM9 million ($2.59 million).
MClean is listed on Bursa Malaysia’s ACE Market. It is principally engaged in the business of providing surface treatment, precision cleaning and packaging services. It has a track record of more than 20 years, mainly operating in Malaysia and Singapore with a smaller operation in Thailand. For 1QFY2024 ended March, MClean reported earnings of RM236,000.
