Haydale Obtains 100% Ownership of the US Operations

May 22 2017

Haydale has completed the acquisition of the minority equity interest not previously owned by it, in the Group’s US subsidiary, Haydale Technologies Inc., from InVentures Group, Inc. for a cash sum of US$513,500. The Consideration has been settled from the Group’s existing cash resources.

The Consideration for the remaining 13.5% interest in HTI was determined by an independent valuation conducted on HTI, which included the nanomaterials business, Advanced Composite Materials, acquired by Haydale in October 2016. Following this purchase of HTI ordinary shares, Haydale now owns the entire issued share capital of HTI.

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