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V2Y Corporation Ltd. ( (SG:V2Y) ) has provided an update.
V2Y Corporation Ltd. has responded to shareholder queries regarding its annual general meeting for the financial year ending December 2024. The company reported a significant revenue increase of 323.7% from the previous year, attributed to its focus on the Insurtech business after divesting its E-Commerce segment. Despite efforts to diversify into the F&B industry, the financial performance did not meet expectations, prompting a renewed focus on Insurtech. The company has raised funds through placements and loans to support business expansion and working capital needs. Concerns were raised about the directors’ fees for FY2025, given the company’s revenue figures.
More about V2Y Corporation Ltd.
V2Y Corporation Ltd., incorporated in Singapore, operates primarily in the Insurtech industry. The company transitioned from Synagie Corporation Ltd and has shifted its focus to Insurtech, while also exploring diversification opportunities in the F&B sector.
Technical Sentiment Signal: Sell
Current Market Cap: S$3.71M
For detailed information about V2Y stock, go to TipRanks’ Stock Analysis page.