Energy World Corporation Ltd (AU:EWC) has released an update.
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Energy World Corporation Ltd has reached a settlement with Hankuk Carbon Co Limited (HCC) for a sum of US$9.3 million, to be paid in installments, after initial arbitration awards by the High Court of Hong Kong. The company has secured an unsecured loan facility of AUD 20 million from its major shareholder, Energy World International, to facilitate payments and provide additional capital, with repayment due by June 30, 2026, at an interest rate of 12% per annum. This financial maneuvering is aimed at ensuring the company’s continued operations and stability.
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