Chesswood (TSE:CHW) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Chesswood Group Limited is exploring the sale of its business units or the entire company amid challenging economic conditions and capital constraints. While some interest has been shown by potential buyers, the company is also dealing with a breach of its borrowing covenants due to a system error, for which it has secured a temporary waiver from lenders. Chesswood is continuing negotiations and seeking capital-raising activities to rectify the situation and comply with its credit facility terms.
For further insights into TSE:CHW stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue