Zipmex Requests Meeting with Thai SEC to Discuss ‘Recovery plan’

Zipmex Requests Meeting with Thai SEC to Discuss ‘Recovery plan’

Troubled crypto alternate platform Zipmex has requested conferences with the Thai Securities Exchange Commission (SEC) and different regulators to talk about the agency’s “recovery plan”.

“We have requested meetings with Thailand’s Securities Exchange Commission and regulators in the country where we operate to introduce our investors to regulators and present our recovery plan to government agencies,” mentioned the agency.

The assembly may even be attended by the agency’s potential traders, whose identities are but unknown.

Zipmex has signed three memorandums of understanding (MOUs) during the last month and it’s within the “advanced stages” of dialogue with two traders.

Zipmex mentioned, “The investors we have been in discussion with fully understand our potential and also share our vision and mission of developing the digital economy in Thailand and Southeast Asia.”

The funding spherical is reportedly anticipated to be value round $40 million, valuing the corporate at $400 million. The firm mentioned it’ll present additional clarification on the matter in the course of September.

Currently, Zipmex has acquired a moratorium extension till December 2 by the Singapore High Court to resolve its liquidity points.

The agency lately re-enabled pockets transfers for its native token ZMT between its Z Wallets and Trade Wallets. This characteristic is simply obtainable by way of its web site as of but.

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