Woodbois Limited Announces Major Organizational Revamp

Woodbois Limited (GB:WBI) has released an update.

Woodbois Limited, a major player in the international timber sector, announces significant organizational changes, including the step-down of two long-serving directors and the reshaping of its Gabon operations to enhance efficiency, safety, and production. The company has also divested its Mozambique operations, which contributed minimally to its turnover and net assets, aiming to focus on profitability and growth. As Woodbois streamlines its structure and prepares for expansion, it is in the final stages of securing a new $5m trade finance facility and actively pursuing additional financing options.

For further insights into GB:WBI stock, check out TipRanks’ Stock Analysis page.