Ten Sixty Four Limited (AU:X64) has released an update.
Ten Sixty Four Limited has made significant progress in its corporate restructuring by executing an addendum to a land lease and finalizing two key documents as part of its Restructuring Framework Agreement. These steps are crucial for the company’s Deed of Company Arrangement, which aims to enhance cash flow and return control to the company’s board, with deadlines for finalizing remaining agreements extended into July 2024. The company’s CEO expressed optimism about collaboration with Philippine stakeholders and the positive impact on the company’s financial future.
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