Sabien Technology Group PLC (AIM:SNT) saw its shares jump by 6.5% after it announced progress in developing a recycling centre.
Specifically, it has signed a memorandum of understanding (MOU) with City Oil Field (COF), Hanyang Corporation, and Woori Technology for a Recycling Project Cluster in the Midlands.
The MOU follows special purpose vehicle b.grn's engagement with land vendors and COF for a waste plastic recycling site development.
At 8.50 am, the shares were changing hands for 16.5p each, up 1p.