Barnwell Industries Completes Sale of Remaining Hawaii Development Interests
Barnwell Industries announced that it has completed the previously announced sale of its remaining Hawaii development interests and related project rights, receiving approximately $1.54 million in net cash proceeds from a gross purchase price of roughly $1.77 million. The transaction completes the company's exit from Hawaii.
Why it matters — This sale marks the completion of Barnwell's exit from Hawaii and further simplifies its portfolio, generating net cash proceeds of approximately $1.54 million.