AnalytixInsight Inc (TSE:ALY) has released an update.
AnalytixInsight Inc. has provided an update on its 49% equity interest in the Italian fintech company Market Wall S.R.L., revealing internal disagreements regarding board representation and distribution payments from profits. Despite Market Wall’s profitability in 2023, a motion to grant AnalytixInsight a seat on the board of its subsidiary InvestoPro was opposed by other board members, and a request to access the company’s extraordinary reserves was also denied. The firm expressed disappointment with the performance of InvestoPro, which as of February 2024, had fewer than 1000 active users.
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