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Credit Intelligence Ltd ( (AU:CI1) ) has shared an announcement.
Credit Intelligence Ltd has announced the sale of its wholly owned subsidiary, Credit Intelligence Holding Limited, for AUD1,500,000 to Mr. Herman Chung. This move aligns with the company’s strategy to focus on profitable projects, as CIH has been loss-making. The sale, representing 37% of the company’s consolidated assets, is subject to shareholder approval and regulatory requirements. The company is also reviewing its investments to address the suspension of its shares and comply with ASX listing rules.
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 aims to streamline financial operations and enhance profitability through strategic asset management.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.68M
For detailed information about CI1 stock, go to TipRanks’ Stock Analysis page.