Finexia Financial Group Plans Major Asset Disposal Amid Leadership Changes

Finexia Financial Group Ltd ( (AU:FNX) ) has issued an update.

Finexia Financial Group Limited announced a proposed transaction involving the disposal of significant business assets, including Creative Capital Group Pty Ltd and management rights of Finexia Childcare Finance Trust. This move follows the resignation of former CEO Patrick Bell, who is part of the investor group interested in acquiring these assets. The company is currently evaluating proposals from multiple interested parties, with a structured process in place for due diligence. The transaction’s potential impact on the company’s financial statements led to a trading halt and delayed finalization of the HY25 accounts. Although the accounts are now nearing completion, the company’s reinstatement to quotation on ASX remains uncertain as regulatory considerations are assessed.

More about Finexia Financial Group Ltd

Finexia Financial Group Limited operates in the financial services industry, focusing on investment management and financial advisory services. The company is involved in various sectors, including childcare finance and lending operations, through its subsidiaries and trusts.

YTD Price Performance: -1.79%

Average Trading Volume: 34,878

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$17.13M

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