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The latest update is out from Carly Holdings Limited ( (AU:CL8) ).
Carly Holdings Limited has sold its Carly Car Subscription business to Carbar Holdings Pty Ltd, marking a strategic shift in its operations. The company plans to retain shares in Carbar and use the proceeds from the sale to explore new growth opportunities while maintaining its ASX listing. The disposal reflects a reduction in operational cash flow, and the company is adjusting its overheads to align with its current market position.
More about Carly Holdings Limited
Carly Holdings Limited operates in the car subscription industry, primarily offering car subscription services through its Carly Car Subscription business. The company focuses on providing flexible vehicle access solutions to its customers.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.49M
For a thorough assessment of CL8 stock, go to TipRanks’ Stock Analysis page.