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Camellia’s Subsidiary Considers Sale of Tea Estate

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Camellia’s Subsidiary Considers Sale of Tea Estate

Confident Investing Starts Here:

Camellia ( (GB:CAM) ) has issued an update.

Camellia Plc announced that its Indian subsidiary, Goodricke Group Limited, has signed a non-binding memorandum of understanding for the potential sale of its Leesh River Tea Estate, pending due diligence. This move could impact Camellia’s operations by potentially altering its asset portfolio and market positioning in the tea industry.

More about Camellia

Camellia Plc operates in the agricultural sector, primarily focusing on tea production through its subsidiary, Goodricke Group Limited, which is based in India.

YTD Price Performance: -12.61%

Average Trading Volume: 697

Technical Sentiment Signal: Strong Buy

Current Market Cap: £115.1M

See more insights into CAM stock on TipRanks’ Stock Analysis page.

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