Selina Hospitality Completes Major Business Sale

Selina Hospitality (SLNAF) has released an update.

Selina Hospitality PLC, under joint administration, has successfully sold the majority of its business and operating subsidiaries to Singapore-based Collective Hospitality Pte Ltd, as part of its accelerated sales process. The company has faced various risks and uncertainties, including potential delisting from the Nasdaq due to non-compliance with listing standards, and challenges in the travel and hospitality sectors.

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