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ABS and SGX RegCo enhance due diligence standards for SGX listing process - THE EDGE SINGAPORE

Regulatory Action

ABS and SGX RegCo enhance due diligence standards for SGX listing process

The Edge Singapore understands that the guidelines were enhanced in response to several corporate controversies.

Management & Corporate Governance

Ayondo interim CEO Richard Street resigns

SINGAPORE (June 28): Ayondo interim CEO Richard Mark Street is the latest C-suite executive to resign from the social trading company whose shares have been suspended from trading.

Management & Corporate Governance

Ayondo's Chief Operating Officer Charles Drake is latest to leave

SINGAPORE (June 14): Ayondo, the operator of social stock trading platforms, has seen the departure of another C-suite executive -- this time that of chief operating officer Edward Charles Drake.

Management & Corporate Governance

Ayondo pushes ahead with sale of unit; SGX RegCo launches probe

SINGAPORE (May 8): Things aren't going well at trading platform Ayondo. And that is an understatement.

Management & Corporate Governance

Another one bites the dust at Ayondo – this time the chief marketing officer

SINGAPORE (Mar 18): Ayondo’s CFO was the first to quit last July. This was followed by the resignation of its CEO in January. In its latest announcement over the weekend, it seems Ayondo’s CMO has thrown in the towel too.

Results

Ayondo sinks to 1Q loss of $8.4 mil on IPO, finance costs

SINGAPORE (May 9): Ayondo, the fintech group which made its debut of the SGX Catalist board in March, has posted losses of CHF 6.3 million ($8.4 million) for the 1Q, more than doubling from losses of CHF 2.8 million a year ago.

IPO

Ayondo makes Catalist debut today

SINGAPORE (Mar 26): Ayondo will make its debut on the Catalist board of Singapore Exchange (SGX) at 9am today.

Ayondo abandons RTO for IPO

SINGAPORE (Oct 11): Social trading platform Ayondo abandons RTO for IPO will seek a listing through an Initial Public Offering (IPO) instead of a Reverse Takeover (RTO) as announced in mid 2016.

Starland's reverse takeover of fintech firm Ayondo lapses

SINGAPORE (Sept 25): The $158 million reverse takeover deal of fintech Ayondo property firm by Starland Holdings has lapsed.

SGX-bound ayondo acquires Tradehero

SINGAPORE (Nov 16): Financial technology (fintech) group ayondo has acquired investor education app, Tradehero for an undisclosed sum.
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