Zaim Credit Systems PLC shares were temporarily suspended on Wednesday pending an investigation into the control of its wholly-owned subsidiary Zaim Express LLC.

Zaim is a Russia-focused fintech company; its shares were suspended, last quoted at 1.5 pence each in London.

Zaim said that it has been made aware of a ‘discrepancy’ with regard to the ownership of Zaim Express’ share capital and is experiencing a lack of effective operating control.

The company added that it is exploring options to investigate the discrepancy, including engaging legal advisers to pursue a remedy.

‘The company will update the market upon conclusion of the investigation in due course,’ it said.

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