Accrelist (SGX:QZG), through its subsidiary, Accrelist Crowdfunding (ACF), completed the private placement through the subscription of 49.0 million shares in the capital of Mclean Technologies (KLSE:MCLEAN), a filing with the Singapore Exchange on Thursday.
Following the completion of the private placement, Mclean's share capital has increased to 246,213,000 shares.
Meanwhile, ACF was allotted 15.0 million placement shares, representing 6.09% of Mclean's enlarged capital.
Following the completion of the subscription, ACF's stake in Mclean has increased to 24.88%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.