While the company said that this is the third time that the same issues will be looked at, the first “review” was a financial audit focused on the financial statements and there is no indication that the second “review” involved any independent third party.
Read MoreSGX may need to improve its monitoring of issuers’ compliance and enforcement action should be taken for issuers that continue to flout the rules despite being informed about the regulations.
Read MoreYuuZoo COO’s long letter on my October 6 article in Business Times totally ignores much of the crux of that article which was about its response to SGX queries regarding its (restated) Q1 2017 and Q2 2017 results and the incorporation of YuuLog Europe.
Read MoreThe company continues to be queried by the Singapore Exchange for its disclosures and its responses to these queries have only raised more questions with no substantive answers in sight.
Read MoreIn my last article, I talked about how overseas companies listed on SGX can be classified into primary and secondary listings, and how the primary listings can be further classified into those that are incorporated overseas and those that are incorporated in Singapore. I also discussed the regulatory framework for secondary listings.
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