On 21 January 2019, Change Financial Limited (ASX: CCA), an information technology company who develops a digital banking platform for peer-to-peer transfer and other day-to-day banking tool announced that restructuring of its mobile banking business. As a result of this restructuring, there a downfall seen in the share prices of the company by 5.085%.
Through the restructuring in the mobile banking business along with other measures, the company would be able to save its cost. The company has also entered into an agreement with Central Bank of Kansas City (CBKC) effective from 19 January 2019, which is its UK banking partner to eliminate its losses from ChimpChange in the pas…
Read the full article at: https://kalkinemedia.com/blog/2019/01/21/ccas-restructuring-of-chimpchange-could-not-impress-the-investors-share-price-tumbled-by-5-085/