Investor News

Press Reports Vietnams PM in principal agreement on TINCOM investment in Coldry

Environmental Clean Technologies Limited (ASX:SI) wishes to clarify that recent reports, including Dow Jones Newswires, announcing that Vietnamese Prime Minister Nguyen Tan Dung has provided public, in principle, agreement to allow Thang Long Investment and Commercial Joint Stock Company (TINCOM) to invest in the production of Coldry pellets in Australia, have not been confirmed to the company directly by TINCOM of the Vietnamese Government.

"Whilst we are confident of ultimately receiving the necessary investment approvals to move this significant project forward, the Board and I feel that shareholders must be informed of the fact that we have received no official confirmation of these statements" said ECT Chief Executive, Kos Galtos.

"We recognise the significance of these reports and are actively seeking clarification from TINCOM, so we may promptly advise the ASX as soon as substantive information is received."