EWC 10.0% 0.9¢ energy world corporation ltd

I cannot understand that either. Does EWC or ASX decide what...

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  1. 622 Posts.
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    I cannot understand that either. Does EWC or ASX decide what is/is not price sensitive?
    Having had a quick read of this AR some of its main features may be as follows:

    With the sad loss of Mr Stewart Elliott, the remaining EWC Board ofDirectors are undertaking a comprehensive review of how this may impact thecompany going forward and if required, will be introducing measures to continueto support the operational performance and capabilities of the company with theintention of delivering on Mr Elliott’s vision of building an energy businessin Asia.

    Due to impairment of some of our Assets under development, impairment ofExploration, Evaluation Expenditure to comply with the relevant AccountingStandards, a loss for the financial year of $801.9million has been recorded.Individual project impairments are as follows:

    Sengkang LNG Project:

    $606 million and write down the carrying value of the Sengkang LNG Project to zero.

    Sengkang Gasfield:

    $16.9 million

    Gilmore LNG Plant:

    $50 million and to write down the carrying value of the Gilmore LNG plant to zero.

    Power Plant and associate infrastructure:

    no impairment

    (Power Transmission Line 55% completed)

    Philippines Hub Project :

    $72 million

    EWI andSlipform have agreed to reduce the amounts outstanding under these combinedloans totalling $784.3 million as at year end per Note 22 to the financialreport, to $432 million and to permit the phased repayment of these loans overa 10 year period commencing in January 2026 or earlier if the Company raisesadditional third party financing or funds from asset sales with a fixed interestrate of 2.47%. The total fixed repayment amount under the 10 years period willbe $510 million.

    As a furthercondition of these arrangements, the related party contracts and transactionsbetween EWC and Slipform group and EWI will also be terminated. EWC willtherefore be establishing its own capability to construct and operate itsprojects under development.

    A letter of financial support has also been received from EWI for theworking capital needs of the Company for the 12 months period up to 30September 2025.

 
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Last
0.9¢
Change
-0.001(10.0%)
Mkt cap ! $27.71M
Open High Low Value Volume
1.1¢ 1.1¢ 0.9¢ $24.64K 2.365M

Buyers (Bids)

No. Vol. Price($)
4 1859285 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 288000 1
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Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
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