Cambium Global mens timberland boots classic said it has exchanged contracts with an unnamed buyer on the sale of its Australian timberland assets for AUD2.1 million.

Along with the AUD2.1 million cash consideration on the sale, the company has secured a profit-share agreement in the majority of the assets, giving it the right to a 25% net sell-on profit for a period of 12 months following the sale.

Cambium said it is intending to return the proceeds of the sale to shareholders and will prov...

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