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Kelsian Group Limited ( (AU:KLS) ) has issued an update.
Kelsian Group Limited announced the sale and leaseback agreements of three bus depots in Western Australia, expecting to realize proceeds of $20.3 million. This move aligns with the company’s strategy to improve returns and optimize its asset portfolio without impacting operational effectiveness, by reallocating funds to higher-return assets and securing long-term leases for continued site operations.
More about Kelsian Group Limited
Kelsian Group Limited operates in the transportation industry, focusing primarily on bus services. The company manages a portfolio of transportation assets, including bus depots, and aims to optimize capital efficiency and improve returns through strategic asset management.
YTD Price Performance: -1.91%
Average Trading Volume: 525,265
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$946.3M
See more insights into KLS stock on TipRanks’ Stock Analysis page.
