Completion of Stayco Divestment

Summary by 6ix AI

This divestment aligns with the company's strategy to exit non-core businesses and has resulted in the transfer of significant debt from its balance sheet. Following this transaction, Finexia has relinquished all operational control over Stayco and is in the process of transferring the trustee role to a new entity. The Board believes this move enhances certainty for shareholders and investors, marking a significant step in the company's divestment program.

Written by 6ix AI from the company’s filing. How 6ix writes summaries