According to Foresight News, Hong Kong's virtual bank, WeLab, has successfully completed its corporate restructuring in early June. As part of the restructuring, WeLend has become a wholly-owned subsidiary of WeLab Bank. Importantly, the restructuring did not involve any layoffs. The bank now plans to take its Hong Kong operations to the next stage of growth.
Hong Kong's Virtual Bank WeLab Completes Corporate Restructuring
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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