OxPay Financial (SGX:TVV) unveiled a phased recovery plan that aims to bring the company back towards its growth targets, according to a Thursday filing with the Singapore Exchange.
Shares of the company were down over 9% in Friday trading.
Under the plan, the company's B2C market will be led by Chief Executive Officer Chin Mun Chung.
Meanwhile, the chief risk and compliance officer will provide an improved risk management framework ahead of the launch of an instant merchant sign-up function.
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