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The latest announcement is out from Carly Holdings Limited ( (AU:CL8) ).
Carly Holdings Limited has entered into a non-binding agreement to merge its car subscription business with Carbar Holdings, creating a consolidated entity in the Australian car subscription market. This merger is expected to accelerate growth and scale for both brands, providing significant value to shareholders through economies of scale and expanded market reach. The transaction involves Carly receiving shares in Carbar, and the merged company aims to capitalize on emerging novated subscription markets, enhancing service offerings and operational efficiencies.
More about Carly Holdings Limited
Carly Holdings Limited operates in the automotive technology and mobility sector, offering car subscription services with a focus on flexibility and convenience for consumers and businesses. Its primary products include car subscription models like EV Trial, CarlyNow, and salary packaged car subscriptions.
YTD Price Performance: 30.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.49M
For a thorough assessment of CL8 stock, go to TipRanks’ Stock Analysis page.