Datuk Dr. Terence Tea Yeok Kian, Executive Chairman and Managing Director of Accrelist Ltd. ("Accrelist"), is pleased to announce that a subsidiary of Accrelist, one of the largest aesthetic groups listed on the Catalist Board of Singapore Exchange ("SGX"), has entered into a sale and purchase agreement to acquire a 28.53% equity stake in MClean Technologies Berhad ("MClean Technologies", "MClean" or the "Company").
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Accrelist Ltd. has entered into a Sales and Purchase Agreement (the "SPA") with SJY Healthcare Pte. Ltd. to acquire a 51% equity interest in SJY Medical Pte. Ltd., which operates Aesteem medical aesthetic clinics, ("Target Company") (the "Proposed Acquisition") for a consideration of S$550,000.
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Accrelist Ltd.'s 53.31%-owned subsidiary, Jubilee Industries Holdings Ltd, has entered into a Sales and Purchase Agreement (SPA) with UPC Electronics Pte. Ltd. (the "Purchaser") for the sale of the Company's remaining 86% shareholdings in We Components Pte. Ltd. (WEC) (the "Proposed Disposal").
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