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An update from Credit Intelligence Ltd ( (AU:CI1) ) is now available.
Credit Intelligence Ltd has announced the sale of its 60% equity stake in OneStep Information Technology Limited to an independent third party, Mr. Dominic Li, for AUD1. This decision aligns with the company’s strategy to focus on profitable projects, as OneStep has been loss-making with a negative net asset value. The disposal is not expected to have a material impact on the company’s financial position. Additionally, the company is reviewing its investments to address the suspension of its shares on the ASX.
More about Credit Intelligence Ltd
Credit Intelligence Ltd operates in the financial services industry, focusing on providing credit management and debt restructuring services. The company is listed on the Australian Securities Exchange (ASX) under the ticker CI1 and is involved in managing investments and expanding profitable operations.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.68M
See more insights into CI1 stock on TipRanks’ Stock Analysis page.