TGA thorn group limited
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News: TGA Thorn Group Says Entered Into Agreement For Sale Of Thorn's Asset Finance Portfolio

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    20/06/23
    11:20
    Post #: 68374720

    June 20 (Reuters) - Thorn Group Ltd (TGA) :

    • HAS ENTERED INTO AGREEMENT WITH RESIMAC GROUP FOR SALE OF THORN'S ASSET FINANCE PORTFOLIO
    • EXPECTS TO RECEIVE ESTIMATED A$15 MILLION CASH PROCEEDS FROM ASSET SALE
    • COMPLETION OF ASSET SALE CURRENTLY EXPECTED TO OCCUR TOWARDS END OF AUGUST
    • BOARD AIMS TO DISTRIBUTE CASH PROCEEDS OF ASSET SALE TO SHAREHOLDERS
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