News

(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the announcement dated 3 January 2014)

We refer to the Company’s earlier announcement dated 3 January 2014 in relation to the Proposed Disposal, on behalf of Mclean Technologies Berhad, the Board of Directors wishes to furnish additional information/clarification on the following in relation to the Proposed Disposal:-

1.    Consideration

The consideration for the disposal of Injection business machineries and Inventories is RMB 6,340,095 or equivalent to RM3,419,684 (at the   exchange rate of RM:RMB of 1.854 as at 31 December 2013).

2.    Original Cost and Dates of Investment

The original cost of investment of the disposed machineries is RMB 7,424,822. These were purchased between April 2007 and July 2012. 

The original cost of the disposed Inventories is RMB 3,201,245. These were purchased between April 2007 and November 2013.

This announcement is dated 6 January 2014