Chesswood (TSE:CHW) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
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.
