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Honye Financial Services Ltd ( (GB:ZOYO) ) just unveiled an announcement.
Zoyo Limited, a company in the financial services sector, has announced the conclusion of its Appointed Representative arrangement as part of a strategic shift towards obtaining its own direct authorizations. This move demonstrates Zoyo’s confidence in its growth strategy and commitment to establishing a fully regulated platform under its own license. The termination of this arrangement will not affect Zoyo’s existing white-label agreements, which continue to support its B2B offerings. The company anticipates cost savings from this decision, which will be redirected to expedite the launch of its core platform operations.
More about Honye Financial Services Ltd
Average Trading Volume: 5,728
Technical Sentiment Signal: Sell
Current Market Cap: £37.15M
For a thorough assessment of ZOYO stock, go to TipRanks’ Stock Analysis page.