Monaker: Slips after buying majority stake in Puerto Rico-based digital bank

Nextplay Technologies

07/04/2021 18:49

** Travel company's shares  MKGI.O  down ~6.3% at $3
    ** Signs agreement to buy a 57.6% stake in San Juan, Puerto
Rico-based International Financial Enterprise Bank Inc for $6.4
mln in cash  urn:newsml:reuters.com:*:nGNX4Y3CK8
    ** IFEB’s current bank services include concierge banking,
mobile banking, deposit and loan products and escrow - MKGI
    ** Despite session's losses, stock up ~41%

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))