Applyflow Limited (AU:AFW) has released an update.
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Applyflow Limited is divesting its HR technology business, Applyflow International, to a management group led by acting CEO Richard Swanton, with the transaction necessitating shareholder approval. The move follows Applyflow’s strategic shift towards battery and critical metals exploration, amidst a challenging funding environment for tech startups. The sale includes the transfer of all liabilities to the buyer, with an effective consideration of around $1.2 million for Applyflow Limited.
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