Cloud DX sells subsidiary in reverse vesting deal
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Cloud DX has sold its subsidiary, Cloud Diagnostics Canada ULC, as part of a court-approved restructuring process. This follows a notice of intention to make a proposal proceeding and a reverse vesting order issued by the Supreme Court of British Columbia.
December 16, 2024 | 8:15 pm
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Cloud DX has completed the sale of its subsidiary, Cloud Diagnostics Canada ULC, as part of a restructuring process approved by the Supreme Court of British Columbia. This move is part of a strategic restructuring plan.
The sale of the subsidiary is a significant step in Cloud DX's restructuring process, which was court-approved. This could positively impact the company's financial health and strategic positioning, potentially leading to a positive short-term impact on the stock price.
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