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Obtala to change name to Woodbois Limited and focus solely on forestry

Miles Pelham, chairman of Obtala Ltd (LON:OBT), tells Proactive London's Andrew Scott they're looking to either seek a strategic partner for or spin out its agriculture business in order to focus on its growing forestry and timber trading divisions.

Pelham says the agriculture side of its operations “simply cannot match the rapid growth potential” of its forestry and timber business, which has accounted for more than 98% of turnover so far this year.

Quick facts: Woodbois Limited

Price: 5.9 GBX

LSE:WBI
Market: LSE
Market Cap: £27.46 m
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