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Why Is Sequoia Selling InterPrac for Just $50,000 Amid Regulatory Turmoil?
9:34am on Monday 23rd of March, 2026 AEDT
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Financial Services
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Why Is Sequoia Selling InterPrac for Just $50,000 Amid Regulatory Turmoil?
9:34am on Monday 23rd of March, 2026 AEDT
Key Points
Sale of 100% of InterPrac shares for $50,000 to Conquest Investment Partners
Sequoia wrote off $4.7 million in intangible assets related to InterPrac
Potential additional $7.5 million write-down if sale conditions not met
InterPrac holds $7.5 million in cash and investments at transfer
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SEQUOIA FINANCIAL GROUP (ASX:SEQ)
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