StockMarketWire.com - Oracle Power said said some sections had been remove from a non-binding agreement with Chinese partners about a coal mine and power development in Pakistan following a signing ceremony last week.
The memorandum of understanding was signed by representatives of Beijing Jingneng Power Company and PowerChina International Group.
Following requests for clarification, Oracle said that PowerChina had indicated in a letter of 2 May that the March MOU remained valid and the document received on 1 May 2019 was only ceremonial.
Oracle said it was seeking similar confirmation from Beijing Jingneng.
'As such, the board considers that the March MOU remains valid,' it added.
At 8:38am: [LON:ORCP] Oracle Power PLC share price was -0.02p at 0.41p
Story provided by StockMarketWire.com
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