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Credit Intelligence Ltd ( (AU:CI1) ) has provided an announcement.
Credit Intelligence Ltd has announced a capital management update, detailing plans to return up to AU$ 1,000,000 to shareholders following the sale of a major asset. This capital return, estimated at AU$ 0.0114 per share, is contingent upon shareholder approval at an upcoming Extraordinary General Meeting and the completion of the asset disposal. The ASX has granted a waiver to facilitate this process, and the company assures that it will retain sufficient capital to continue operations and meet creditor obligations.
More about Credit Intelligence Ltd
Credit Intelligence Ltd operates in the financial services industry, focusing on providing credit management and debt restructuring services. The company is known for its strategic asset management and aims to optimize shareholder value through effective capital management strategies.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.68M
For an in-depth examination of CI1 stock, go to TipRanks’ Stock Analysis page.