ARAX Holdings Corp. comprises several operating subsidiaries, of which Core Business Holdings, consisting of Ping Exchange, Wall Money, CorePay, and Core Token, is the most significant.
These subsidiaries have independent boards of directors and management teams guiding their operations. ARAX adheres to a decentralized management and structure philosophy, where each subsidiary follows its own corporate plan. Based on what we have learned in the TechFin sector, ARAX only has non-executive members on the boards of these subsidiaries in order to exert its influence. This guarantees optimum productivity and returns on resources used.
ARAX has also made several other investments in companies that are not controlled by ARAX, which are primarily exclusive management agreements, associates, or joint ventures. ARAX maintains significant influence or joint control over these companies through its board representation at each company.