There Are Other Options For Your To Recover Your Investment In Xinja
We are a group of shareholders who represent more than 20% of the issued capital in Xinja.
Like you, we have lost a lot of money on this investment and wish to inform you about what is happening in Xinja and options we are putting forward to rescue the bank.
The current management and board of the company have asked you to vote on two options to be presented at a meeting planned to be held on February 17, 2021.
It is designed to be a “non-binding poll”– with the options being to wind-up the company and hand back its banking license or re-launch as an online platform.
We believe there is a third option that needs to be considered:
- Xinja should work hard to retain its banking license
- We are happy to participate in a capital raising to provide working capital for the bank
- The current board and management need to be refreshed with industry-recognized executives in the financial services sectors.
We believe that the bank can retain its license – as this is its major asset.
By retaining the license, Xinja will have a greater opportunity for success, preserving and then growing the value for shareholders.
We have already had fruitful discussions with a range of other and potential shareholders to inject new capital and provide a viable long-term strategy for Xinja.
We have communicated our concerns and proposal to Xinja’s current management and board and await their response.
In meantime do NOT vote on either option presented to you on February 17 as there is another way forward!
Feel free contact us with your message on the contact tab at the top of this site.