EWC energy world corporation ltd
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News: EWC Energy World Corp Enters Into Deed Of Settlement With Hankuk Carbon Co

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    03/07/24
    20:30
    Post #: 74595132

    July 3 (Reuters) - Energy World Corporation Ltd (EWC) :

    • ENTERED INTO A DEED OF SETTLEMENT WITH HANKUK CARBON CO
    • CO AND HCC HAVE SUCCESSFULLY NEGOTIATED PAYMENT TO HCC OF US$9.3 MILLION
    • DEED OF SETTLEMENT WITH RESPECT TO ARBITRAL AWARD INITIALLY ISSUED BY HIGH COURT OF HONG KONG DATED 12 MARCH AND 12 APRIL 2024
    • PURSUANT TO DEED, HCC TO REFRAIN FROM PURSUING LEGAL ACTION AGAINST CO TO ENFORCE ORDERS
    • ENTERED INTO AN UNSECURED LOAN FACILITY FOR UP TO AUD 20 MILLION WITH ENERGY WORLD INTERNATIONAL
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