SGX hits YuuZoo with another notice of compliance; asks auditors to release interim report as soon as finalised

SINGAPORE (Apr 2): Singapore Exchange Regulation (SGX RegCo) on Monday issued YuuZoo Corporation with its second notice of compliance in less than a month.

SGX RegCo has ordered independent auditors Ernst & Young Advisory (EY) to provide it with a copy of the executive summary of its initial findings on YuuZoo as soon as it is finalised. The findings in the interim report is also to be released immediately via SGXNet upon its receipt.

On July 2017, YuuZoo announced it was engaging an independent auditor to investigate claims of poor corporate governance in the e-commerce company.

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