Elate Holdings Reports Business Disruption and Payment Delay Due to Madagascar Coup Affecting Graphite Ore Sales

Reuters

10/15

Elate Holdings Reports Business Disruption and Payment Delay Due to Madagascar Coup Affecting Graphite Ore Sales

Elate Holdings Limited has announced a significant business disruption related to its sale of graphite ore to Aspect Group Limited $(AGL)$. Due to a recent coup and resulting instability in Madagascar, AGL's production operations were severely disrupted, preventing them from repaying the full consideration for the graphite ore by the agreed deadline of 30 September 2025. There is currently no certainty as to when full repayment can be made. AGL has proposed returning the unused graphite ore to Elate Holdings, and negotiations for a resolution are ongoing. The company will provide further updates as they become available.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elate Holdings Limited published the original content used to generate this news brief on October 15, 2025, and is solely responsible for the information contained therein.

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Due to a recent coup and resulting instability in Madagascar, AGL's production operations were severely disrupted, preventing them from repaying the full consideration for the graphite ore by the agreed deadline of 30 September 2025. There is currently no certainty as to when full repayment can be made. AGL has proposed returning the unused graphite ore to Elate Holdings, and negotiations for a resolution are ongoing. The company will provide further updates as they become available.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elate Holdings Limited published the original content used to generate this news brief on October 15, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00076","symbol_name":"谊砾控股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251015:nNDL5znrQF:1","article_id":"2575420280","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2575420280","pubTimestamp":1760519228,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Elate Holdings Limited has announced a significant business disruption related to its sale of graphite ore to Aspect Group Limited . Due to a recent coup and resulting instability in Madagascar, AGL's production operations were severely disrupted, preventing them from repaying the full consideration for the graphite ore by the agreed deadline of 30 September 2025. There is currently no certainty as to when full repayment can be made. AGL has proposed returning the unused graphite ore to Elate Holdings, and negotiations for a resolution are ongoing. The company will provide further updates as they become available.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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AGL has proposed returning the unused graphite ore to Elate Holdings, and negotiations for a resolution are ongoing. The company will provide further updates as they become available.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elate Holdings Limited published the original content used to generate this news brief on October 15, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"economic,express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}