Charisma Energy Services (SG:5QT) has released an update.
Charisma Energy Services Limited has announced the sale of its 80% equity interest in Yichang to Smartpower Technology, with approval pending from a shareholder meeting. The company’s Sri Lanka mini hydro power plants continue to generate positive cash flow, despite outstanding receivables. Discussions are ongoing to extend the New CSA, and operational expenses are under review following a loan reassignment to Cosmic Marvel International Limited.
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