Energy World Corporation Pursues Strategic Funding and Executive Restructuring

Energy World Corporation Ltd ( (AU:EWC) ) has issued an update.

Energy World Corporation Ltd has appointed a global investment bank to advise and coordinate a potential transaction aimed at raising funds for its LNG, hub, and power plant projects in the Philippines. This strategic move involves the appointment of independent technical and commercial due diligence advisors to provide reports that will aid in securing necessary funding. Additionally, the company is engaged in discussions to restructure existing loan agreements, and has announced the resignation of Graham Elliott as a Senior Executive, who will continue as a Non-Executive Director.

More about Energy World Corporation Ltd

Energy World Corporation Ltd is a company involved in the energy sector, focusing on LNG, hub, and power plant projects, particularly in the Philippines. The company operates in Australia, Hong Kong, Indonesia, and the Philippines, with a market focus on energy infrastructure development.

YTD Price Performance: 10.0%

Average Trading Volume: 19,377

Technical Sentiment Signal: Buy

Current Market Cap: $41.56M

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