Brief: FFI Holdings Company Enters Into Agreement To Sell Business Assets Of Tradition Smallgoods

FFI Holdings

02/09/2019 24:00

Sept 2 (Reuters) - FFI Holdings Ltd  FFI.AX :
    * COMPANY HAS ENTERED INTO AN AGREEMENT TO SELL BUSINESS
ASSETS OF
TRADITION SMALLGOODS.
    * UNDER TERMS OF AGREEMENT BUSINESS WILL CEASE OPERATIONS AT
CURRENT JANDAKOT SITE ON 31ST DECEMBER 2019
    * NET PROCEEDS FROM SALE OF BUSINESS INCLUDING STOCK AND
WORKING
CAPITAL WILL BE APPROXIMATELY $2 MILLION

Source text for Eikon:  ID:nGLF2pKg6y 
Further company coverage:  FFI.AX 

 ((Reuters.Briefs@thomsonreuters.com;))