Australia's Wellard jumps most in nearly 2 yrs on arbitration win in London
05/01/2022 24:13
** Shares of Wellard Ltd WLD.AX soar as much as 31.9% to
A$0.120, set for its sharpest gain since March 2020
** Agribusiness co says it has successfully resolved its
arbitration proceedings in London against Croatian Bank for
Reconstruction and Development urn:newsml:reuters.com:*:nFWN2TK0XX
** Says it is entitled to get payments with interests of
about $12 mln within 14 days
** Co also to defer the repurchase of the M/V Ocean Ute from
Ruchira Ships Ltd to Jan 25, 2022 from Dec. 24, 2021
** Stock hits highest since Oct. 20
(Reporting by Navya Mittal)
((Navya.Mittal@thomsonreuters.com;))