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An announcement from Pure Hydrogen Corporation Limited Registered Shs ( (AU:P1E) ) is now available.
Pure One Corporation Limited has agreed to sell its entire 40% equity stake in Turquoise Group Pty Ltd via a conditional share buy-back for total consideration of AUD 5 million, comprising AUD 3.5 million on completion and a further AUD 1.5 million payable within 12 months, with an option to extend subject to interest. The divestment, which is expected to generate a profit of about AUD 3.4 million and is subject to customary due diligence, funding and regulatory conditions, marks a strategic exit from a non-core investment and will allow Pure One to redeploy capital into its core zero-emission mobility and clean energy technologies, sharpening its strategic focus and potentially strengthening returns for shareholders.
The most recent analyst rating on (AU:P1E) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Pure Hydrogen Corporation Limited Registered Shs stock, see the AU:P1E Stock Forecast page.
More about Pure Hydrogen Corporation Limited Registered Shs
Pure One Corporation Limited is an Australian clean technology company focused on zero-emission mobility and energy solutions, including battery-electric vehicles and battery-swap services for commercial customers in Australia and abroad. The company also supports hydrogen as a clean energy option, holds natural gas interests in Australia and Botswana via its stake in Botala Energy, and pursues incubation of early-stage clean energy projects to generate investment returns.
Average Trading Volume: 466,031
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$29.07M
For an in-depth examination of P1E stock, go to TipRanks’ Overview page.