TORONTO, Aug. 9, 2024 /CNW/ - Chesswood Group Limited ("Chesswood" or the "Company") (TSX: CHW) announces that it has sold all of its interests in Vault Credit Corporation and Vault Home Credit Corporation (collectively, "Vault"), representing the entirety of Chesswood's Canadian equipment leasing and consumer financing business segment, to an affiliate of HB Leaseco Holdings Inc. (the "Vault Purchaser") pursuant to the terms of a Share Purchase Agreement dated today (the "Purchase Agreement"), and provides an update on its previously announced evaluation of the strategic direction of Chesswood being supervised by a special committee (the "Committee") of the board of directors of Chesswood (the "Board of Directors").
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