Organto Foods (TSE:OGO) has released an update.
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Organto Foods Inc. has successfully divested its three Dutch subsidiaries to focus on streamlining operations and improving financial stability. The transaction, involving Organto Europe BV, Fresh Organic Choice BV, and BeeOrganic BV, aims to strengthen the company’s balance sheet and accelerate its path to profitability. The deal, which was conducted at arm’s length, included the transfer of all assets and liabilities of the subsidiaries to the purchaser for a nominal fee.
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