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Kingsgate Consolidated (ASX: $KCN) defers TAFTA arbitration award

Kingsgate Consolidated provides update on TAFTA arbitration award


Kingsgate Consolidated Limited (ASX: $KCN) has announced a joint agreement with the Kingdom of Thailand to defer the Arbitral Award under the Thailand-Australia Free Trade Agreement (TAFTA) until 30 September 2024. The extension reflects the parties' commitment to expediting negotiations for an amicable resolution of the dispute.

Executive Chairman's Statement on TAFTA Arbitration Award Deferral


The Arbitral Award under the Thailand-Australia Free Trade Agreement will continue to be deferred until 30 September 2024, as per the joint agreement with the Kingdom of Thailand. This extension demonstrates our dedication to reaching a mutually beneficial resolution through sincere negotiations.

Summary of TAFTA Arbitration Award Deferral


Kingsgate Consolidated (ASX: $KCN) has extended the deferral of the Arbitral Award under the Thailand-Australia Free Trade Agreement until 30 September 2024, indicating a commitment to pursuing an amicable resolution with the Kingdom of Thailand. The company remains focused on engaging in good faith negotiations to resolve the dispute and looks forward to the potential for a mutually agreeable outcome.

KINGSGATE CONSOLIDATED LIMITED.
KCN | ASX | Materials
1.575-0.015(-0.94%)
At close 05/07 (AEDT)
Market cap
$409.8M
Volume
364,516
DY Yield
0
PE Ratio
18.36
52 Week Range
1.05 - 1.885
1YR Return
27.781%

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