Pure One Secures First AU$3.5 Million Payment from Turquoise Group Divestment
Pure One Corporation Limited (ASX: P1E) has received AU$3.5 million after completing the first tranche of the sale of its interest in Turquoise Group, marking a significant milestone in the transaction. The payment follows shareholder approval and strengthens the company's financial position while providing additional capital to support the expansion of its clean technology electric vehicle business. Under the agreement, Pure One remains eligible to receive the remaining AU$1.5 million upon completion of the transaction. The company expects the sale of its 40% stake in Turquoise Group to generate an estimated profit of approximately AU$3.4 million, subject to final accounting adjustments. Alongside its electric mobility initiatives, Pure One continues to develop hydrogen-based technologies, battery-electric vehicle solutions, battery-swapping systems, and strategic energy investments. The latest funding is expected to improve operational flexibility and support the company's long-term strategy of advancing sustainable transport and clean energy solutions across Australia and international markets.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Pure One Secures First AU$3.5 Million Payment from Turquoise Group Divestment
Pure One Corporation Limited (ASX: P1E) has received AU$3.5 million after completing the first tranche of the sale of its interest in Turquoise Group, marking a significant milestone in the transaction. The payment follows shareholder approval and strengthens the company's financial position while providing additional capital to support the expansion of its clean technology electric vehicle business. Under the agreement, Pure One remains eligible to receive the remaining AU$1.5 million upon completion of the transaction. The company expects the sale of its 40% stake in Turquoise Group to generate an estimated profit of approximately AU$3.4 million, subject to final accounting adjustments. Alongside its electric mobility initiatives, Pure One continues to develop hydrogen-based technologies, battery-electric vehicle solutions, battery-swapping systems, and strategic energy investments. The latest funding is expected to improve operational flexibility and support the company's long-term strategy of advancing sustainable transport and clean energy solutions across Australia and international markets.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au