Credit Intelligence Ltd ( (AU:CI1) ) has provided an update.
Credit Intelligence Ltd has announced the sale of its wholly owned subsidiary, BNPL International Limited, for AUD1.00 to an independent third party, Mr. Wai Cheung Yu. This disposal aligns with the company’s strategy to concentrate on profitable projects, despite recognizing a loss of approximately AUD257,000 from the transaction. The board does not view this as a significant asset disposal and anticipates no substantial impact on the company’s financial standing. The company is also reviewing its investments to potentially lift the suspension of its shares.
More about Credit Intelligence Ltd
Credit Intelligence Ltd operates within the financial services industry, focusing on providing credit management and debt restructuring services. The company is known for its strategic approach to managing financial assets and liabilities, with a market focus on enhancing profitability through targeted investments and divestments.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$9.68M
For an in-depth examination of CI1 stock, go to TipRanks’ Stock Analysis page.