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Westaim ( (TSE:WED) ) has shared an announcement.
The Westaim Corporation announced the appointment of Menes O. Chee as an independent director on its Board, contingent upon the closing of its transaction with CC Capital. This move is expected to bolster Westaim’s strategic transformation into an integrated insurance and asset management platform. Chee’s extensive experience in corporate finance and private equity is anticipated to enhance the Board’s capabilities, aligning with Westaim’s objectives to drive long-term shareholder value in the financial services industry.
More about Westaim
Westaim is an investment company specializing in providing long-term capital to businesses within the global financial services industry. The company aims to offer capital appreciation and real wealth preservation for its shareholders by pursuing investment opportunities primarily in the financial services sector, with significant interests in Arena and the Arena FINCOs. Westaim is listed on the TSX Venture Exchange under the trading symbol ‘WED’.
YTD Price Performance: -2.48%
Average Trading Volume: 55,150
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$656.6M
See more insights into WED stock on TipRanks’ Stock Analysis page.