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Pressure Technologies said it was nearing completion of the proposed sale of its wholly-owned subsidiary PT Biogas had been sold to Creation Capital Corp.
Creation Capital had announced that it has received sufficient orders to achieve the $6m minimum amount and the subscription receipt offering is expected to complete this week.
Final details of the total amount raised, and terms of the proposed sale would be announced at completion, which was expected to be before the end of May.
At 8:01am: (LON:PRES) Pressure Technologies PLC share price was +0.5p at 99p