Caravelle International Group Announces Termination Of Agreement With CUEX Metal AG; Co Does Not Have Any Further Obligations Under The Agreement
Portfolio Pulse from Benzinga Newsdesk
Caravelle International Group (NASDAQ:HTCO) has terminated its Ore Sourcing Agreement with CUEX Metal AG. The termination was mutually agreed upon, and Caravelle has no further obligations under the agreement.
October 24, 2024 | 3:20 pm
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Caravelle International Group has terminated its Ore Sourcing Agreement with CUEX Metal AG, relieving the company of any further obligations under the agreement.
The termination of the agreement with CUEX Metal AG may have a neutral impact on Caravelle's stock price in the short term as the company has no further obligations. The mutual nature of the termination suggests no immediate financial distress or operational disruption.
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