Chesswood (TSE:CHW) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Chesswood Group Limited has sold its entire Canadian equipment leasing and consumer financing business, Vault, to HB Leaseco Holdings Inc. affiliate for C$60 million, which will help reduce the company’s debt. This sale is part of Chesswood’s strategic plan to meet the conditions of a waiver from its lenders and to explore further financial restructuring to enhance stakeholder value.
For further insights into TSE:CHW stock, check out TipRanks’ Stock Analysis page.