Group 1 - The company, CHEVALIER INT'L, has entered into an asset purchase agreement to sell properties and business assets related to the sale and leasing of Honda vehicles in Toronto, Canada [1] - The properties involved in the sale include two buildings located at 4320 and 4334-4346 Kingston Road, Toronto [1] - The board believes that this sale represents an excellent opportunity to realize the investment value in this business [1] Group 2 - The Canadian automotive industry has faced significant challenges in recent years, including rising interest rates and increased costs of new vehicles, which have dampened consumer demand [2] - By exiting this business, the company aims to streamline operations, reduce risks associated with market volatility, and reallocate resources to core businesses for higher growth potential [2] - This strategic move is expected to create synergies with the company's strategic focus [2]
CHEVALIER INT'L(00025.HK)出售一项加拿大汽车代理业务