Pacific Radiance Ltd. (SG:RXS) has released an update.
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Pacific Radiance Ltd. has announced that its subsidiary, Crestsa Marine & Offshore Pte Ltd, has successfully settled its outstanding bank loans amounting to $30.3 million. The repayment includes a principal payment of $20.2 million and a debt write-off of $10.1 million, releasing the company from all securities and guarantees associated with the loan.
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