Nice to "goreng" but never overlook the fundamental. Continue to make loss will shrink the equity. When the equity portion is less than 25% of share cap will plunge into P17. Pls correct me if I'm wrong. Comment based on the latest result dated 31/12/23. Share cap RM50,973,000, Accumulated losses RM21,681,000, Reserves (RM16,014,000). The balance of equity portion RM13,278,00.
Can Accrelist inject all its medical aesthetic clinics into MCLEAN, making MCLEAN not only the largest service provider in Seagate, but also diversifying its business to become a listed holding company and the largest listed medical aesthetic company in Malaysia?
Following the acquisition, synergies between Jubilee, a subsidiary of Accrelist, and MClean Technologies will enable both companies to leverage on their respective strengths to create cross-selling opportunities and enhance the customer base of both entities.
Jubilee provides precision plastic injection moulding (PPIM), and mould design & fabrication (MDF) services. The company produces a wide range of precision plastic components which are typically used as parts of finished products, including mobile phones, computer peripherals and MP3 players.
Our key customers include Hewlett Packard, Flextronics, Dyson, Rosti, Philips and the Venture Group.
PETALING JAYA: Singapore-listed aesthetic group Accrelist Ltd is acquiring the single-largest shareholding bloc of 28.53% in MClean Technologies Bhd as it eyes to ride on MClean’s hard-disk drive (HDD) business amid the data centre boom in Malaysia.
In a filing with Bursa Malaysia, MClean said its directors and substantial shareholders have entered into a sale and purchase agreement with Accrelist Crowdfunding Pte Ltd to dispose of about 56.3 million ordinary shares in MClean.
It did not disclose the names of the sellers. However, it is noteworthy that MClean’s top two shareholders were Decor Industries Pte Ltd (26.23%) and JCS Group Pte Ltd (19.65%).
In a statement, Accrelist said the acquisition is conditional upon the satisfaction of certain conditions precedent.
MClean has established itself as a pivotal player in the electronics and semiconductor products cleaning solutions industry.
Operates in Malaysia, Singapore, and Thailand, the company offers a comprehensive range of services, including surface treatment, precision cleaning, sterile, and packaging services for various industries such as HDD, consumer electronics, as well as oil and gas.
A good time to buy is when stocks pull back. Good one, Lee Chee Wee
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Posted by wayne2738 > 2022-07-29 14:59 | Report Abuse
see ya @ .27