KUALA LUMPUR (Oct 12): ACE Market-listed MClean Technologies Bhd has appointed Lim Han Kiau as its group chief executive officer and executive director, following the completion of its acquisition of a 55% stake in DWZ Industries Sdn Bhd, a subsidiary of Singapore-based Décor Industries Pte Ltd (Décor Group).

Décor Group holds the remaining 45% equity in DWZ.

In a filing with Bursa Malaysia today, MClean said Lim, a Singaporean, 55, has 30 years experience in both precision cleaning, as well as surface finishing.

He is the chairman of Décor Group, comprising five companies in Singapore and Malaysia, supporting the world's leading hard disk drive (HDD) manufacturers, oil and gas manufacturers, telecommunications companies and semiconductor manufacturers in the region.

MClean's chairman, Jason Yeo, said the company is focused on enhancing and strengthening its business operations, while seeking new and stable revenue streams.

"The addition of DWZ which is in the business of surface finishing of metal parts for electric and electronic industries, which makes them a natural fit within the enlarged MClean Group, as electroplating is a process that takes place before precision cleaning in the HDD value chain," he said in a statement.

MClean's shares were not traded today. It last closed on Oct 6 at 18 sen, bringing it's market capitalisation to RM31.28 million.

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