Enechange Ltd. (JP:4169) has released an update.
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ENECHANGE Ltd. has executed a part of its commitment line agreement for the EV charging business, borrowing a total of 258 million JPY to fund operations of its subsidiaries. The loans, drawn on October 9, 2024, are due for repayment by March 31, 2025, and involve collateral. The company plans monthly borrowings to support its EV charging port installations within fiscal year 2024, with total costs estimated at 160 million JPY.
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