Goodricke Group has executed a definitive sale agreement with Sombaria Agri Products for the transfer of estates, bearer plants, and specified assets of Leesh River Tea Estate following due diligence.

Physical possession has been handed over to the buyer, while the leasehold rights over the land await government approval.

This asset sale streamlines Goodricke’s operations, allowing the company to focus on core assets and potentially improve capital allocation, which is positive for shareholders.