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An update from Energy World Corporation Ltd ( (AU:EWC) ) is now available.
Energy World Corporation Ltd has announced a significant change to its capital structure through a proposed transaction to convert all outstanding debt into shares, subject to shareholder approval. This move, involving key partners Energy World International Ltd and Slipform Engineering Group, aims to improve the company’s financial stability by reducing debt levels, enhancing cash flow, and strengthening the balance sheet. The conversion price is set at a premium, indicating confidence in the company’s future growth and strategic objectives. Additionally, there are changes in management with the resignation of Brian Allen as Managing Director and the appointment of Alan Jowell as interim Chair and Edward McCartin as CEO.
More about Energy World Corporation Ltd
Energy World Corporation Ltd is an energy company involved in the development of power and LNG-related projects. The company operates primarily in the energy sector, focusing on power generation and liquefied natural gas (LNG) projects.
YTD Price Performance: -4.55%
Average Trading Volume: 835,036
Technical Sentiment Signal: Buy
Current Market Cap: A$64.66M
For detailed information about EWC stock, go to TipRanks’ Stock Analysis page.