Brief: Clime Investment Management Announces Equity Investment & Proposed Business Alliance

Teaminvest Private

29/12/2023 24:48

Dec 29 (Reuters) - Clime Investment Management Ltd
 CIW.AX :
    * EQUITY INVESTMENT AND PROPOSED STRATEGIC BUSINESS ALLIANCE
    * ENTERED EXCLUSIVE NEGOTIATIONS WITH TEAMINVEST PRIVATE FOR
PURPOSE OF DEVELOPING JOINT STRATEGIC BUSINESS OPPORTUNITIES
    * THROUGH DEVELOPMENT OF CLIME PRIVATE WEALTH & MERGER WITH
MTIS,
CO NOW HAS A$1.3BLN IN FUNDS UNDER MANAGEMENT
    * VIA PARTNERSHIP WITH TIP, EXPECTS TO REDUCE COST BASE AND
MOVE
BACK SOLIDLY INTO PROFIT THROUGH CY 2024

Source text for Eikon:  ID:nASX8TL03g 
Further company coverage:  CIW.AX 

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