Selina Hospitality (SLNAF) has released an update.
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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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