Key points
- Nuchev Ltd wins arbitration against Nouvlait
- Award totals approximately RMB9.1 million
- No immediate payment received, recovery uncertain
Full summary
Nuchev Ltd (ASX: NUC) announced that it has won its arbitration against Hulun Buir Nouvlait Dairy Co., Ltd (Nouvlait) in China. The Shanghai Arbitration Commission issued a final award on 4 September 2026, ordering Nouvlait to pay Nuchev approximately RMB9.1 million, including repayment of an advance, interest, actual losses, legal costs, appraisal costs, and arbitration costs. The award also includes accrued and continuing interest on the RMB5.0 million advance. However, no payment has been received yet, and there is significant uncertainty regarding the amount that will ultimately be recovered and the timing of recovery. Nuchev is working with its legal advisers to enforce the award and determine the available assets and potential recovery costs.
Guidance
Nuchev estimates total award amount at approximately RMB9.1 million
Outlook
Nuchev is uncertain about the amount and timing of recovery from the award