ASX:FND

2 stories mentioning ASX:FNDUpdated 8h ago

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Findi's Trading Suspension Continues Amid Strategic Review

Findi (ASX:FND) said its securities will remain suspended from trading, with the halt in place since June 22, as the company continues its strategic review, debt restructuring efforts, and discussions to secure long-term funding, according to a Tuesday filing with the Australian bourse.The company is advancing documentation for a proposed debt financing transaction that is expected to strengthen its funding position and improve financial certainty, per the filing.The company added that it is unable to finalize and lodge its audited financial statements for the year ended March 31 because its financing discussions remain ongoing, the filing said.

ASX:FND

Asia46d ago

Findi Names New Chairman, Begins Strategic Review of Operating Business Units

Findi (ASX:FND) said non-executive director Stephen Benton will assume the role of non-executive chairman, according to a Friday Australian bourse filing.Nicholas Smedley will revert to a non-executive director role and retain the chairmanship of Transaction Solutions International, focusing on executing against plans for the initial public offering (IPO) of the Indian business.In the same filing, the company said the board engaged external advisers to support a strategic review of its three operating business units. The move is intended to optimize capital allocation across the group, identify additional operating synergies, and formalize the pathway toward securing a Payments Bank license in India and progressing the planned IPO.Findi's shares rose 1% in recent trading on Friday.

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