BRIEF-Ioupay Updates On Recent Activities

Reuters2023-08-31

Aug 31 (Reuters) - Ioupay Ltd :

* UPDATE ON RECENT ACTIVITIES

* NEW BOARD SECURED A$1M IN ADDITIONAL FUNDING FOR BUSINESS

* INSTIGATED A COST-REDUCTION PROGRAM ACROSS ALL IOU PAY OPERATIONS

* SINCE ADMINISTRATION OF COMPANY ENDED ON 25 MAY, FURTHER REDUCED FULL TIME EQUIVALENT HEADCOUNT BY 22

* CUMULATIVE COST SAVINGS BY END OF DECEMBER EXPECTED TO TOTAL RMB 4.0 MILLION

* LAST WEEK BOARD AGREED TO PUT IOU PAY ASIA BUSINESS INTO RUN-OFF

* IOU PAY ASIA BUSINESS RUN-OFF MEANS NO NEW LOANS WILL BE WRITTEN FROM THIS WEEK ONWARDS

* IOU PAY ASIA BUSINESS WILL RETAIN 3 OF 6 CURRENT COLLECTIONS STAFF, FOR A CURRENTLY UNSPECIFIED PERIOD

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2363232603?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-31 09:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2363232603","market":null,"top_or_hot":-1,"title":"BRIEF-Ioupay Updates On Recent Activities","media":"Reuters","content":"<html><body><p>Aug 31 (Reuters) - <a href=\"https://laohu8.com/S/IOU.AU\">Ioupay</a> Ltd   :</p><p>   * UPDATE ON RECENT ACTIVITIES</p><p>   * NEW BOARD SECURED A$1M IN ADDITIONAL FUNDING FOR BUSINESS</p><p>   * INSTIGATED A COST-REDUCTION PROGRAM ACROSS ALL IOU PAY OPERATIONS</p><p>   * SINCE ADMINISTRATION OF COMPANY ENDED ON 25 MAY, FURTHER REDUCED FULL TIME EQUIVALENT HEADCOUNT BY 22</p><p>   * CUMULATIVE COST SAVINGS BY END OF DECEMBER EXPECTED TO TOTAL RMB 4.0 MILLION</p><p>   * LAST WEEK BOARD AGREED TO PUT IOU PAY ASIA BUSINESS INTO RUN-OFF</p><p>   * IOU PAY ASIA BUSINESS RUN-OFF MEANS NO NEW LOANS WILL BE WRITTEN FROM THIS WEEK ONWARDS</p><p>   * IOU PAY ASIA BUSINESS WILL RETAIN 3 OF 6 CURRENT COLLECTIONS STAFF, FOR A CURRENTLY UNSPECIFIED PERIOD</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-Ioupay Updates On Recent Activities</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBRIEF-Ioupay Updates On Recent Activities\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-31 09:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 31 (Reuters) - Ioupay Ltd   :   * UPDATE ON RECENT ACTIVITIES   * NEW BOARD SECURED A$1M IN ADDITIONAL FUNDING FOR BUSINESS   * INSTIGATED A COST-REDUCTION PROGRAM ACROSS ALL IOU PAY OPERATIONS   ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7002","symbol_name":"互动媒体与服务","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2363232603","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2363232603","pubTimestamp":1693445133,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Aug 31  - Ioupay Ltd   :   * UPDATE ON RECENT ACTIVITIES   * NEW BOARD SECURED A$1M IN ADDITIONAL FUNDING FOR BUSINESS   * INSTIGATED A COST-REDUCTION PROGRAM ACROSS ALL IOU PAY OPERATIONS   * SINCE ADMINISTRATION OF COMPANY ENDED ON 25 MAY, FURTHER REDUCED FULL TIME EQUIVALENT HEADCOUNT BY 22   * CUMULATIVE COST SAVINGS BY END OF DECEMBER EXPECTED TO TOTAL RMB 4.0 MILLION   * LAST WEEK BOARD AGREED TO PUT IOU PAY ASIA BUSINESS INTO RUN-OFF   * IOU PAY ASIA BUSINESS RUN-OFF MEANS NO NEW LOANS WILL BE WRITTEN FROM THIS WEEK ONWARDS   * IOU PAY ASIA BUSINESS WILL RETAIN 3 OF 6 CURRENT COLLECTIONS STAFF, FOR A CURRENTLY UNSPECIFIED PERIODSource text for Eikon:    Further company coverage:    ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7002":"互动媒体与服务","BK7500":"支付概念"},"translate_title":"简介-Ioupay最近活动的最新情况","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IOU.AU":0.9},"content_text":"Aug 31 (Reuters) - Ioupay Ltd   :   * UPDATE ON RECENT ACTIVITIES   * NEW BOARD SECURED A$1M IN ADDITIONAL FUNDING FOR BUSINESS   * INSTIGATED A COST-REDUCTION PROGRAM ACROSS ALL IOU PAY OPERATIONS   * SINCE ADMINISTRATION OF COMPANY ENDED ON 25 MAY, FURTHER REDUCED FULL TIME EQUIVALENT HEADCOUNT BY 22   * CUMULATIVE COST SAVINGS BY END OF DECEMBER EXPECTED TO TOTAL RMB 4.0 MILLION   * LAST WEEK BOARD AGREED TO PUT IOU PAY ASIA BUSINESS INTO RUN-OFF   * IOU PAY ASIA BUSINESS RUN-OFF MEANS NO NEW LOANS WILL BE WRITTEN FROM THIS WEEK ONWARDS   * IOU PAY ASIA BUSINESS WILL RETAIN 3 OF 6 CURRENT COLLECTIONS STAFF, FOR A CURRENTLY UNSPECIFIED PERIODSource text for Eikon:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2363232603"}