SINGAPORE (Mar 19): Singapore Exchange Regulation (SGX RegCo) has suspended trading in the shares of e-commerce company YuuZoo Corporation with immediate effect.

This comes after the statutory auditors of YuuZoo today informed the company and SGX that they are "unable to obtain sufficient appropriate audit evidence" to provide an opinion as required in a notice of compliance (NOC) issued on Mar 5.

In the NOC, SGX had ordered YuuZoo to make specified disclosures by Mar 19 of the opinion of its statutory auditors on the veracity and reasonableness of two items in its consolidated financial statements.

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