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Connexa's Yuanyu Signs $30 Mln Licensing Deal With Guofu Enterprise To Cover East, Southeast Asia

October 10, 2024 — 10:39 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - Connexa Sports Technologies Inc. (YYAI), Thursday announced that its subsidiary Yuanyu Enterprise Management Co., Ltd. has signed a licensing deal with Guofu Enterprise Management Co., Ltd. to offer online dating and matchmaking services in Hong Kong, Japan, South Korea, and Southeast Asia.

The Hong-Kong based subsidiary expects the deal to generate minimum royalty payments of over $30 million through the end of December 2026.

Currently, Connexa's stock is trading at $7.97, down 2.17 percent on the Nasdaq.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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