Chesswood (TSE:CHW) has released an update.
Chesswood Group Limited is actively engaged in strategic discussions to optimize shareholder value through the potential sale of subsidiaries and management of its loan and lease portfolios. The company is also working to address a breach of its $300 million credit facility before the current waiver expires on July 15, 2024, while it continues to seek funding solutions. Concurrently, Chesswood announces the resignation of Ryan Marr as president, CEO, and as a director of the company.
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