Brief: Energy World Corp Enters Into Deed Of Settlement With Hankuk Carbon Co
03/07/2024 11:28
July 3 (Reuters) - Energy World Corporation Ltd
EWC.AX :
* 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
Source text for Eikon: ID:nASX1X0rDX
Further company coverage: EWC.AX
((Reuters.Briefs@thomsonreuters.com;))
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