Brief: Energy World Corp Enters Into Deed Of Settlement With Hankuk Carbon Co

Hankuk Carbon

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;))