Chesswood (TSE:CHW) has released an update.
Chesswood Group Limited announces the immediate resignation of Daniel Wittlin as a director, citing his need to focus on other business interests and manage potential conflicts of interest. Despite his resignation, Wittlin, who remains the largest shareholder, has pledged to aid the company’s restructuring efforts. Concurrently, Chesswood is required to rebrand certain subsidiaries due to the termination of intellectual property agreements.
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