Charisma Energy Services (SG:5QT) has released an update.
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Charisma Energy Services Limited has revised its debt settlement terms by amending and restating the initial agreement with its wholly-owned subsidiary and REPS Holders, in relation to the proceeds from the sale of its 80% stake in Yichang Smartpower Green Electricity Co., Ltd. The new agreement adjusts the distribution of the sale’s net proceeds, previously agreed under a scheme of arrangement with unsecured creditors and detailed in a June 2023 announcement.
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