Pacific Radiance Ltd. (SG:RXS) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Pacific Radiance Ltd. has announced the successful debt restructuring of its associated company, PT Logindo Samudramakmur TBK, with new loans totaling US$95.2 million. As part of the agreement, Pacific Radiance and its subsidiaries have guaranteed US$5 million and provided security over shares with no net book value. This strategic move is expected to prevent default and potential liquidation, ensuring financial stability for the borrower.
For further insights into SG:RXS stock, check out TipRanks’ Stock Analysis page.
