NextPlay Technologies falls on move to sell some assets

Nextplay Technologies

15/07/2022 15:14

** Shares of NextPlay Technologies  NXTP.O  fall ~4% to
$0.35
    ** Co is selling its travel business, NextTrip Group, and
its 51% ownership in Reinhart Digital TV to TGS Esports, an
operator of esports contests  urn:newsml:reuters.com:*:nGNX2bssLK
    ** "We believe the strategic sale of these assets to a buyer
who is positioned to more quickly leverage them for growth and
market share will accelerate the unlocking of shareholder value"
- Co-CEO Nithinan Boonyawattanapisut
    ** Co says it made $467,000 in revenue and $364,000 in gross
profits in the quarter ending 31 May; results do no include
NextTrip and Reinhart Digital units
    ** NXTP down 57% YTD till Thursday's close
     

 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))