Core Viewpoint - Chevalier International (00025) has decided to exit the Honda automobile agency market in Canada due to significant challenges in the automotive industry and declining profit margins, and is seeking potential buyers for this business [1] Group 1: Company Actions - The asset purchase agreement's conditions have been fulfilled, and the settlement was finalized on September 26, 2025 [1] - The board has recognized the strong trend of consolidation in the Canadian automotive retail market and has decided to bundle the Honda agency business with related properties for sale to an independent third party [1] - The buyer, a group already engaged in various automotive agency businesses, has shown strong interest in continuing the Honda agency operations at the properties [1] Group 2: Market Context - The Canadian automotive industry has faced significant challenges, leading to a continuous decline in the profit margins of the Honda agency business [1] - The value of the Honda agency business, defined as goodwill in the announcement, is relatively low due to shrinking profit margins, with the sale price primarily based on the value of the properties [1] - The pricing was determined considering past market valuations and the macroeconomic trends in Ontario and Canada [1]
CHEVALIER INT‘L：结束在加拿大的本田汽车代理业务