OxPay Financial Establishes Money Services Company in Bhutan; Shares Down 4%
MT Newswires
Feb 02
OxPay Financial (SGX:TVV) established a new money services company in Bhutan, named Oxygen7, according to a Friday filing with the Singapore Exchange.
Shares of the financial services company were down over 4% in Monday trading.
The new subsidiary's principal activities involve the provision of regulated money services in or from Gelephu Mindfulness City in Bhutan.
The incorporation of the new business is not expected to have a material impact on the company's earnings per share for 2026, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.