RE: Heading North Everyday ?3 Mar 2024 05:53
The founder of PHE, Howard white , waste to electricity,,, if I remember correctly!! before some pi start criticising..
HUI PHE share holder .....
Should HUI exercise the Option, the acquisition of 49% of CCS would represent a material related party transaction due to Howard White's current ownership of it. This announcement is made under and in compliance with Disclosure Guidance and Transparency Rule 7.3.8.
HUI will keep the market updated on the progress of the proposed transaction.
Aleksandra Binkowska, Chief Executive Officer of HUI, commented:
"We are operating in difficult times that only the strongest will survive. I believe this option to acquire a major stake in the CCS business will give us access to much needed cashflow. Thanks to our Director, Mr. Howard White, and his belief in our technology, this deal should help HUI move forward with our goal of building the first plastic to hydrogen facility."
Castle