Pure Hydrogen Faces Legal Action for Alleged Repudiation of Contract

MT Newswires Live

Feb 05, 2025

Pure Hydrogen (ASX:PH2) said that Pure Haul filed a claim against the firm alleging repudiation of a contract, according to a Wednesday Australian bourse filing.

Pure Hydrogen contracted Pure Haul to transport volumes of hydrogen to support some of its customers, the filing said.

Pure Haul is claiming damages from the termination of the contract in the total amount of AU$8.1 million, the filing added.

The firm said it considers the claim to be "entirely without merit" and plans to "vigorously defend the matter." It added that the amount of claim is at odds with the value of the contracted terms and it is of the belief that any amount owing is immaterial.

Pure Hydrogen is considering a counterclaim against Pure Haul, per the filing.

Its shares fell over 3% on market close on Wednesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2509424323"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2509424323\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2509424323?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-05 14:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2509424323","market":"sg","top_or_hot":-1,"title":"Pure Hydrogen Faces Legal Action for Alleged Repudiation of Contract","media":"MT Newswires Live","content":"<html><body><p> Pure Hydrogen (ASX:PH2) said that Pure Haul filed a claim against the firm alleging repudiation of a contract, according to a Wednesday Australian bourse filing.</p><p>Pure Hydrogen contracted Pure Haul to transport volumes of hydrogen to support some of its customers, the filing said.</p><p>Pure Haul is claiming damages from the termination of the contract in the total amount of AU$8.1 million, the filing added.</p><p>The firm said it considers the claim to be \"entirely without merit\" and plans to \"vigorously defend the matter.\" It added that the amount of claim is at odds with the value of the contracted terms and it is of the belief that any amount owing is immaterial.</p><p>Pure Hydrogen is considering a counterclaim against Pure Haul, per the filing.</p><p>Its shares fell over 3% on market close on Wednesday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pure Hydrogen Faces Legal Action for Alleged Repudiation of Contract</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPure Hydrogen Faces Legal Action for Alleged Repudiation of Contract\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-02-05 14:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Pure Hydrogen (ASX:PH2) said that Pure Haul filed a claim against the firm alleging repudiation of a contract, according to a Wednesday Australian bourse filing.</p><p>Pure Hydrogen contracted Pure Haul to transport volumes of hydrogen to support some of its customers, the filing said.</p><p>Pure Haul is claiming damages from the termination of the contract in the total amount of AU$8.1 million, the filing added.</p><p>The firm said it considers the claim to be \"entirely without merit\" and plans to \"vigorously defend the matter.\" It added that the amount of claim is at odds with the value of the contracted terms and it is of the belief that any amount owing is immaterial.</p><p>Pure Hydrogen is considering a counterclaim against Pure Haul, per the filing.</p><p>Its shares fell over 3% on market close on Wednesday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7142","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2509424323","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509424323","pubTimestamp":1738737154,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Pure Hydrogen  said that Pure Haul filed a claim against the firm alleging repudiation of a contract, according to a Wednesday Australian bourse filing.Pure Hydrogen contracted Pure Haul to transport volumes of hydrogen to support some of its customers, the filing said.Pure Haul is claiming damages from the termination of the contract in the total amount of AU$8.1 million, the filing added.The firm said it considers the claim to be \"entirely without merit\" and plans to \"vigorously defend the matter.\" It added that the amount of claim is at odds with the value of the contracted terms and it is of the belief that any amount owing is immaterial.Pure Hydrogen is considering a counterclaim against Pure Haul, per the filing.Its shares fell over 3% on market close on Wednesday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7142":"石油与天然气的勘探与生产"},"translate_title":"Pure Hydrogen因涉嫌拒绝合同而面临法律诉讼","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PH2.AU":0.9},"content_text":"Pure Hydrogen (ASX:PH2) said that Pure Haul filed a claim against the firm alleging repudiation of a contract, according to a Wednesday Australian bourse filing.Pure Hydrogen contracted Pure Haul to transport volumes of hydrogen to support some of its customers, the filing said.Pure Haul is claiming damages from the termination of the contract in the total amount of AU$8.1 million, the filing added.The firm said it considers the claim to be \"entirely without merit\" and plans to \"vigorously defend the matter.\" It added that the amount of claim is at odds with the value of the contracted terms and it is of the belief that any amount owing is immaterial.Pure Hydrogen is considering a counterclaim against Pure Haul, per the filing.Its shares fell over 3% on market close on Wednesday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}