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.
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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