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Obviously any return will be a long, multi-year path back for Xinja, the letter said. If shareholders are willing to support it, the business may be able to reset and rebuild shareholder value.
Xinja shocked shareholders and customers when it announced plans to close all customer accounts and return its banking licence, 15 months after obtaining the licence and promising to shake-up the industry.
Mr Wilson told shareholders the companys vision was always to provide a new, better, ethical place for 25 to 45-year-olds to meet their financial need and outlined a series of business ideas for the future.
The most obvious is our US share trading platform, but we also have a personal lending product we have spent considerable time and…
Read the full article at: https://www.brisbanetimes.com.au/business/banking-and-finance/xinja-seeks-shareholder-support-for-plan-to-relaunch-as-us-share-trading-platform-20210201-p56yf9.html?ref=rss&utm_medium=rss&utm_source=rss_feed