News

The Board of Directors of MCLEAN TECHNOLOGIES BERHAD(Co. No. 893631-T) (”MClean” or ”the Company”) wishes to announce that MCLEAN TECHNOLOGIES (M) SDN BHD (”MTSB” or ”the Purchaser”), a wholly-owned subsidiary of the Company, has on 31 July 2019 entered into a Sale and Purchase Agreement (“SPA”) with DWZ INDUSTRIES SDN BHD (”DWZ” or ”the Vendor”), a 55%-owned subsidiary of the Company, for the acquisition of all that piece of freehold land held under Geran 136488, Lot 111435, Mukim Plentong, District of Johor Bahru, State of Johor containing an area measuring approximately 1,338 square meters (14,402 sq. ft.) (“Land”), together with one unit of semi-detached factory with Mezzanine Floor, bearing postal address of No. 12 Jalan Maju 1, Taman Perindustrian Cemerlang, 81800 Ulu Tiram, Johor (‘the Building’) (the Land and Building are collectively referred to as “Property”) for a total purchase price of RM2.5 million (exclusive of Sales and Service Tax (”SST”), stamp duty and legal fees) (“Purchase Price”) (”Proposed Acquisition”) and subject to the terms and conditions contained therein.

The full text of the announcement is attached herewith.

Date of the announcement is 31 July 2019.