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Olympia Financial Group Inc. Announces Shareholder Approval of Continuance of Olympia into British Columbia
TMX Newsfile· 2026-01-07 23:59
Core Viewpoint - Olympia Financial Group Inc. has received shareholder approval to continue its operations from Alberta to British Columbia, pending further regulatory approval [1][2]. Group 1: Shareholder Approval - At a special meeting held on January 6, 2026, Olympia shareholders voted 782,072 (92.737%) in favor and 60,999 (7.263%) against the special resolution for continuance [2]. - The board of directors has the authority to revoke the special resolution without further shareholder approval if deemed necessary [2]. Group 2: Company Operations - Olympia conducts most of its operations through its subsidiary OTC, which is a non-deposit taking trust company licensed in multiple provinces [3]. - OTC administers self-directed registered and non-registered plan investment accounts and provides corporate trust and transfer agency services [3]. - Olympia also offers currency exchange and global payment services through its subsidiary Olympia Currency and Global Payments Inc., along with private health services plans and IT services through Olympia Benefits Inc. [3]. Group 3: Stock Information - Olympia's common shares are listed on the Toronto Stock Exchange under the symbol "OLY" [4].
Justin Sun Doubles Down on First Digital Trust Fraud Allegations, Urges H.K. Regulators to Act
Yahoo Finance· 2025-11-27 15:15
Core Points - Justin Sun accused First Digital Trust (FDT) and its CEO Vincent Chok of exploiting Hong Kong's trust company framework to move hundreds of millions of dollars in TUSD reserves offshore [1][2] - Allegations include rerouting stablecoin reserves offshore and fabricating transaction documents to conceal these transfers [2][3] - Techteryx, the issuer of TUSD, claims that FDT was unauthorized to send funds to Aria Commodities DMCC, which are now tied up in illiquid deals [4][5] Company Actions - Techteryx appointed FDT as the fiduciary responsible for managing TUSD reserves since its acquisition in 2020 [2] - Techteryx instructed FDT to place reserves only in the Aria Commodity Finance Fund, while FDT claims it acted on instructions from Techteryx [6] Legal Developments - Dubai's Digital Economy Court has issued a worldwide freeze on assets related to the alleged misappropriation, pending resolution by Hong Kong courts [7] - The court ruling highlights serious issues that need to be addressed, adding pressure on local regulators regarding custodial practices [8] Regulatory Context - The situation poses a challenge for Hong Kong's regulatory framework as the city prepares to implement a stablecoin licensing regime focused on custodial controls for investor protection [8]