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Crunchfish: Intention to divest Gesture Interaction - VH Corp

* Announcing strategic move in intention to divest the gesture business
* Focus on Digital Cash
* We await the year-end report before adjusting fair value

Crunchfish recently announced the intention to divest its Gesture Interaction
business. After a strategic review, the company decided that the gesture
business has better prospects in a different strategic setting. The company
has engaged EY Corporate Finance to find a partner for the business area.

We see several possible advantages if the company will be able to reach a
deal. In our model, Gesture Interaction accounts for only five per cent of
total sales by 2033. A divestment would reduce current operational costs by 25
per cent when completed according to Crunchfish.
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