28th Sep 2022 12:08
(Alliance News) - Zaim Credit Systems PLC shares were temporarily suspended on Wednesday pending an investigation into the control of its wholly-owned subsidiary Zaim Express LLC.
Zaim is a Russia-focused fintech company; its shares were suspended, last quoted at 1.5 pence each in London.
Zaim said that it has been made aware of a "discrepancy" with regard to the ownership of Zaim Express' share capital and is experiencing a lack of effective operating control.
The company added that it is exploring options to investigate the discrepancy, including engaging legal advisers to pursue a remedy.
"The company will update the market upon conclusion of the investigation in due course," it said.
By Sophie Rose; [email protected]
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