Pacific Radiance Ltd. (SG:RXS) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.