Eqonex CEO Steps Down Amid Talks of Potential Merger Options

The CEO of digital assets financial services firm Eqonex is to step down as the company holds talks on a potential merger or takeover.

CEO Richard Byworth will step down with immediate effect and be replaced with chief operating officer Andrew Eldon on an interim basis, Eqonex announced Mondayhttps://www.sec.gov/Archives/edgar/data/1790515/000149315221031974/ex99-1.htmSINGAPORE.
Eqonex is “engaged in ongoing strategic discussions with third parties including the evaluation of merger or takeover options,” according to the statement.
These moves are being made as part of a broad review of the company’s strategic direction, with the pursuit of “transformational” opportunities, Chairman Chi-Won Yoon said.

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Jamie Crawley

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