Haydale Graphene Industries PLC (HDGHF)
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Haydale raises £6.4m to buy decarbonisation services specialist
Haydale Graphene Inds PLC (LSE:HAYD, OTC:HDGHF) shares fell 6.8% to 0.56p after it announced a proposed fundraising of up to £6.41 million and the planned cash-and-shares acquisition of SaveMoneyCutCarbon (SMCC). SMCC provides sustainability solutions that cut energy, water and carbon use through consultancy, project delivery and installation of efficiency technologies, as well as a partner programme with major banks and utilities, including Barclays, Lloyds and Santander.
Haydale Graphene shares slide as it puts US business into Chapter 11
Haydale Graphene Inds PLC (LSE:HAYD, OTC:HDGHF) shares traded lower after it placed its US subsidiary, Haydale Ceramic Technologies LLC (HCT), into a corporate insolvency process under Chapter 11 subchapter V in the United States. The company, in a statement, said it intends to sell HCT's assets through a court-supervised auction under section 363 of the US Bankruptcy Code.
Haydale Graphene wins $4mln contract in China
Haydale Graphene Inds PLC (LSE:HAYD, OTC:HDGHF) has signed an agreement with a Chinese tooling manufacturing company worth US$4.0 million over five years. The deal is for Haydale's silicon carbide (SiC) whisker-reinforced cutting tool parts in Asia.
