Energy World Corporation Ltd (AU:EWC) has released an update.
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Energy World Corporation Ltd (EWC) has addressed an ASX query regarding the impact of Federal Court Orders related to arbitration proceedings with Hankuk, affirming that these Orders are not materially affecting their stock price. EWC has been in discussions about the Orders, which pertain to goods delivery for a budgeted sum of approximately US$5.16 million, and believes that with major shareholder support, the financial impact is minimal. The company maintains that it has complied with continuous disclosure obligations and does not require immediate disclosure to the market.
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