Core Viewpoint - CHEVALIER INT'L has decided to exit the Honda automobile agency market in Canada due to significant challenges in the automotive industry and declining profit margins, seeking potential buyers for the business [1] Group 1: Company Actions - The company has completed all conditions of the asset purchase agreement, with the settlement taking place on September 26, 2025 [1] - The board believes that selling the Honda agency business is a strategic opportunity, especially given the strong interest from a buyer already engaged in automotive agency operations [1] - The sale will bundle the Honda agency business with related properties to realize the value of the group's investments [1] Group 2: Industry Context - The Canadian automotive industry has faced major challenges, leading to a trend of consolidation in the retail market [1] - The profit margins of the Honda agency business have been shrinking, prompting the decision to divest [1] - The valuation of the business is primarily based on the value of the properties involved, considering past market assessments and macroeconomic trends in Ontario and Canada [1]
CHEVALIER INT‘L(00025)：结束在加拿大的本田汽车代理业务