Luminor Financial Reports Revenue Growth and Strategic Developments at AGM
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Luminor Financial Holdings Limited reported a 42% revenue growth for the financial year ending December 2024 during its Annual General Meeting, despite a net loss of RM11.427 million. The company emphasized the profitability of Luminor Malaysia and the initial losses from Funded Here Pte. Ltd. The introduction of the Quanta Transaction Platform aims to enhance services for e-commerce and social commerce. Additionally, Mr. Tan Chade Phang's retirement from the Board was announced, indicating a move towards board renewal.
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