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Victor Group Holdings Ltd ( (AU:VIG) ) has provided an announcement.
Victor Group Holdings Ltd has established a new subsidiary, Victor Nexus Pty Ltd, to bolster its operations in Australia by providing IT development and marketing services in the fintech sector. The company has also formed a strategic partnership with Safe Transport Australia Inc, known as Shebah, to support card issuance and marketing initiatives, aiming to enhance financial access for Shebah’s community. While the partnership is not expected to significantly impact financial results for the year ending June 2025, it is anticipated to contribute to increased revenue in 2026.
More about Victor Group Holdings Ltd
Victor Group Holdings Ltd operates in the technology sector, focusing on IT development and marketing services for corporate customers in the data technology, education, and financial technology industries. The company aims to enhance its presence in the Australian market through its subsidiary, Victor Nexus Pty Ltd, which partners with reputable suppliers to provide fintech solutions such as prepaid card issuing and digital wallet services.
Average Trading Volume: 26,174
Technical Sentiment Signal: Buy
Current Market Cap: A$41.74M
See more insights into VIG stock on TipRanks’ Stock Analysis page.