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The latest announcement is out from Haydale Graphene ( (GB:HAYD) ).
Haydale Graphene Industries PLC has announced the sale of its Korean subsidiary, Haydale Technologies (Korea) Co., Ltd, to its local director Minon Kim. This decision follows a strategic review aimed at prioritizing profitability and aligning with the company’s core strengths. The disposal aims to reduce costs associated with the persistently loss-making unit while maintaining a distribution channel in Korea. The transaction, considered a related party transaction, was completed for a nominal sum, with Haydale granting exclusive distribution rights for one year to HTK.
More about Haydale Graphene
Haydale Graphene Industries PLC is a global advanced materials group focusing on the development and commercialization of graphene and other nanomaterials. The company primarily operates in the advanced materials industry, with a market focus on enhancing material performance across various sectors.
YTD Price Performance: -73.89%
Average Trading Volume: 8,123,817
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £4.66M
Learn more about HAYD stock on TipRanks’ Stock Analysis page.
