MClean Technologies Bhd executive chairman and executive director Datuk Dr Terence Tea Yeok Kian.
KUALA LUMPUR: MClean Technologies Bhd
has completed its private placement, issuing 49 million new shares at RM0.27 each, representing about 25% of the company’s total issued shares, excluding treasury shares.
In a statement, the provider of precision cleaning and surface treatment solutions said the private placement exercise raised a total of RM13.2mil, which will be used mainly to fund the acquisition of We Total Engineering Sdn Bhd’s (WTE) plastic business and as working capital of the plastic business.
