Coro Energy PLC, a South East Asian energy company, has agreed to sell its 18.76% shareholding in ion Ventures Holdings Ltd to SLT1 LLC for a cash consideration of £1.25 million ($1.59 million). The shareholding was acquired by Coro for £500,000 ($662,000) in 2020. The proceeds from the sale will be used to further progress Coro's renewable portfolio in South East Asia, specifically in Duyung, and for working capital. Michael Carrington, Managing Director of Coro Renewables, stated that the sale allows Coro to exit a non-operated investment that is no longer part of their strategy and to focus on their own operated renewables portfolio in the Philippines and Vietnam.