MCLEAN

0.310

-0.015 (-4.6%)

MULTIPLE PROPOSALS MCLEAN TECHNOLOGIES BERHAD ("MCLEAN" OR "COMPANY") (I) PROPOSED PRIVATE PLACEMENT; (II) PROPOSED RIGHTS ISSUE; (III) PROPOSED ACQUISITION; (IV) PROPOSED CONSTITUTION AMENDMENTS; AND (V) PROPOSED EXEMPTION (COLLECTIVELY, THE "PROPOSALS")

MCLEAN TECHNOLOGIES BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
MCLEAN TECHNOLOGIES BERHAD ("MCLEAN" OR "COMPANY")

(I)	PROPOSED PRIVATE PLACEMENT;
(II)	PROPOSED RIGHTS ISSUE;
(III)	PROPOSED ACQUISITION;
(IV)	PROPOSED CONSTITUTION AMENDMENTS; AND
(V)	PROPOSED EXEMPTION

(COLLECTIVELY, THE "PROPOSALS")

Unless otherwise defined, the abbreviations used herein have the same meaning as those defined in the Company’s earlier announcements on the Proposals (“Announcements”).

Further to the Announcement dated 12 May 2023, on behalf of the Board, TA Securities wishes to announce that the Company has decided to withdraw the appeal application made to Bursa Securities on 12 May 2023 as the Vendors have decided not to proceed with the Proposed Acquisition and MClean is not able to fulfil the conditions precedent as set out in the SSA for the Proposed Acquisition.

Notwithstanding the above, the Board will continue to explore other business opportunities to improve the Group’s financial performance.

This announcement is dated 26 June 2023.






Announcement Info

Company Name MCLEAN TECHNOLOGIES BERHAD
Stock Name MCLEAN
Date Announced 26 Jun 2023
Category General Announcement for PLC
Reference Number GA1-26062023-00034