MClean restructures management after Accrelist acquisition

KUALA LUMPUR: MClean Technologies Bhd restructured its management to align with its new strategic direction following its acquisition by Singapore-listed aesthetics group Accrelist Ltd.

Accrelist completed the acquisition of 28.53% of the share capital on July 2, 2024.

The new board of MClean comprises Datuk Dr. Terence Tea Yeok Kian as Executive Chairman and Executive Director, Yeo Hock Huat as Independent Executive Director, Lim Han Kiau as Independent Executive Director, Siti Haliza Md. Taib as Senior Independent Executive Director, Muhammad Radzi Embong as Independent Executive Director and Chuah Ai Wen as Independent Executive Director.

Tea is also the Executive Chairman and CEO of Jubilee Industries Holdings Ltd and Executive Chairman and Managing Director of Accrelist.

“We are excited to complete our investment in MClean. I am confident that with this new board, MClean will achieve even greater milestones and create long-term value for our shareholders.

“I look forward to contributing to MClean’s future growth, especially in the hard drive solutions space, especially in Malaysia and Thailand where demand for high-quality precision cleaning services is growing rapidly,” Tea said in a statement.