BREAKING:

Oceanscape International Limited (formerly V2Y Corporation Ltd.) is navigating a period of radical transformation following a complete overhaul of its leadership team. The Group is distancing itself from its previous loss-making operations in the food and insurance technology sectors. Instead, the company is pivoting towards sustainable energy and commodities trading to foster long-term resilience and value for stakeholders.

• Leadership Transition: Newly appointed directors are working to reconstruct vital records after a sudden change in corporate command

• Strategic Pivot: The business has secured approval to diversify into the green energy sector

• Identity Rebirth: A major name change and fresh financial backing signal the start of a new chapter

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BREAKING:

This financial period marks a significant shift for V2Y Corporation Ltd. The company has refocused its strategy by divesting from underperforming sectors to concentrate on its core, revenue-generating Insurtech business. This strategic realignment, coupled with new funding, aims to strengthen the company's financial footing for future growth.

• The Group's revenue saw a substantial increase, driven by first-quarter sales from now-divested businesses

• Losses narrowed, influenced by the proceeds from selling off its food, beverage, and distribution segments

• A strategic pivot now sees the company focusing its resources on the promising Insurtech division

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BREAKING:

V2Y Corporation Ltd. has unveiled its latest interim financial statements, highlighting a period of significant strategic adjustments. The company is actively divesting from underperforming ventures, refocusing efforts on its primary, revenue-generating business. Despite reported losses and financial challenges, management details a path forward centered on strengthening cash flow, managing costs, and seeking new opportunities.

• Unpack the strategic decision to shed certain business segments and sharpen focus on the core Insurtech operations
• Explore how the Group is navigating financial pressures, including improved operational cash generation
• Discover management's forward-looking plans to streamline operations and pursue new growth avenues

BREAKING: 

V2Y Corporation Ltd. reported its results for the full year ended 31 December 2024. The period saw the introduction of a new business segment which significantly impacted revenue and costs. The Group's financial position and cash flow were also affected. Subsequent events, including the disposal of certain businesses and new placements, are expected to strengthen the financial position.

• The Group introduced a new business segment during the year that dramatically increased revenue and costs
• Despite efforts, the Group ended the year in a net liabilities position with continued cash outflows from operations
• Significant strategic actions taken shortly after the year-end are intended to refocus the Group's business and improve its financial health