Chesswood (TSE:CHW) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Chesswood Group Limited has sold its entire Canadian equipment leasing and consumer financing business, Vault, to HB Leaseco Holdings Inc. affiliate for C$60 million, which will help reduce the company’s debt. This sale is part of Chesswood’s strategic plan to meet the conditions of a waiver from its lenders and to explore further financial restructuring to enhance stakeholder value.
For further insights into TSE:CHW stock, check out TipRanks’ Stock Analysis page.
