An announcement from Carly Holdings Limited ( (AU:CL8) ) is now available.
Carly Holdings Limited has completed a merger of its Carly car subscription business with Carbar Holdings Pty Ltd, combining two of Australia’s largest car subscription platforms. This strategic move allows Carly Holdings to hold shares in the merged entity, Carbar, and aims to enhance shareholder value by reducing overheads and seeking new growth opportunities while maintaining its ASX listing.
More about Carly Holdings Limited
Carly Holdings Limited operates in the car subscription industry, providing flexible vehicle access solutions through its Carly car subscription business. The company focuses on offering an alternative to traditional car ownership and leasing, catering to a market seeking convenience and flexibility in vehicle usage.
YTD Price Performance: 30.0%
Technical Sentiment Signal: Buy
Current Market Cap: A$3.49M
For a thorough assessment of CL8 stock, go to TipRanks’ Stock Analysis page.