Charisma Energy Services (CHVEF) has released an update.
Charisma Energy Services Limited is progressing towards the sale of its China photovoltaic plant, with the deal expected to close by early April 2024. The company’s Sri Lanka mini hydro power plants are performing well, contributing to positive cash flow with significant receivables collection. Additionally, negotiations are underway to extend a crucial contract, and efforts are being made to resolve a loan default as part of the group’s restructuring plan.
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