Brief: Charisma Energy Services Says Continue To Face Issues With Repatriation Of U.S. Dollars Out Of Sri Lanka

Khen Energy

25/03/2022 10:23

March 25 (Reuters) - Charisma Energy Services Ltd  CHAR.SI :
    * CONTINUES TO FACE ISSUES WITH REPATRIATION OF US DOLLARS
OUT OF
SRI LANKA TO SERVICE HYDRO LOAN REPAYMENT OBLIGATION
    * HAS YET TO MAKE PAYMENTS FOR MONTHLY INSTALMENTS FROM JAN
2022
ONWARDS
    * IN DISCUSSION WITH BANK TO RESTRUCTURE HYDRO LOAN
    * REMAINS IN PRELIM TALKS WITH POTENTIAL BUYERS FOR PRC
SOLAR AS
PART OF CO'S DIVESTMENT STRATEGY
    * WILL INTEND TO UNDERTAKE A COMPROMISE/ARRANGEMENT BETWEEN
CO AND
CERTAIN CREDITORS TO COMPROMISE CERTAIN OF CO'S DEBT

Source text for Eikon:  ID:nSN3C1dfZ 
Further company coverage:  CHAR.SI 

 ((Reuters.Briefs@thomsonreuters.com;))