Epsorts group Gfinity PLC (AIM:GFIN) said it is selling its remaining 27.5% stake in Athlos, its former technology business, to majority owner Tourbillon for £260,000.
The cash injection will be used for investment in the development of Gfinity's digital media business and “general working capital purposes”.
Investors were told it also “significantly improves” the company’s financial position and “establishes a stronger base to implement its new plans and reach a turnaround position”.