Charisma Energy Services (SG:5QT) has released an update.
Charisma Energy Services Limited has announced the sale of its 80% stake in Yichang and a related shareholder’s loan, while its Sri Lanka mini hydro power plants continue to generate positive cashflows with outstanding receivables at approximately US$0.7 million. The company is negotiating to extend the long stop date for a new convertible loan agreement and is addressing payment delays resulting from a loan transition to Cosmic Marvel International Limited.
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