Alternative to FNZ capital raise ‘potentially catastrophic’
Report in Canada’s Globe & Mail cites legal correspondence in NZ company’s tense dispute with employee shareholders.
FNZ's technology provides transaction and custody services to financial institutions involved in wealth management.
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Lawyers for wealth management software company FNZ have told employee shareholders the alternative to controversial capital raising was “potentially catastrophic”, says a Canadian media report.
Over the last 12 months the New Zealand-registered multinational has raised US$1.5 billion from
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