Woodbois Limited (GB:WBI) has released an update.
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Woodbois Limited, an international sustainable timber company, has announced a strategic reorganization aimed at streamlining operations, reducing costs, and positioning for long-term growth. They have divested their Mozambique operations and centralized administrative efforts in Guernsey, Gabon, and Dubai. Additionally, they have ramped up production, improved cash flow management by securing faster payment terms, and are exploring strategic partnerships and acquisitions to scale the business.
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