logo-loader
TechFinancials

TechFinancials plunges after pulling plug on sale of subsidiaries

The £9mln-valued company was in line to receive US$400,000 from the sales

CFD
TechFinancials will continue to focus its attention on developing its forex and CFD trading platform solutions

Lack of progress on regulatory consents has put the kibosh on TechFinancials Inc’s (LON:TECH) proposed sale of what it considers non-core businesses.

The shares plunged 13.9% to 15.5p after the technology provider to financial trading brokers pulled the plug on the sale of its shareholdings in B O TradeFinancials (BOT) and MarketFinancials (MF) to S Win Holdings.

READ: TechFinancials sells two subsidiaries for US$400,000

The Israeli technology firm is currently considering its options in respect of its shareholdings in BOT and MF.

Quick facts: TechFinancials

Price: £0.04

Market: AIM
Market Cap: £3.19 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Zena Pay looks to help cannabis industry navigate the...

Fig House communication’s Dave Carter joined Steve Darling from Proactive Vancouver to discuss Zena Pay. They provide software solutions that specialize in payment, plant tracking, cannabis business management software, supply chain management, compliance management and government auditing...

2 days, 9 hours ago

2 min read