Unisteel to acquire 51 percent of Sonic Clean

SEPT. 3–SINGAPORE–Unisteel Technology has entered into an agreement with shareholders of Sonic Clean Pte Ltd. to acquire a 51 percent stake in Sonic Clean for about $802,000 (1.4 million Singapore).

Following the acquisition, the company said current shareholders Yeo Hock Huat and Kho Wah Eng will hold 31 percent, while Sonic Clean, which specializes in sub-assembly work, aqueous and consumable cleaning will retain 18 percent. According to Unisteel, the acquisition will also be funded through internal sources.

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