MAINBOARD-LISTED YuuZoo Networks Group Corporation (YuuZoo) said in a regulatory filing on Monday morning that it has set up a new corporate support centre in Bangkok to take over the functions previously provided from Singapore by YuuZooNow Pte Ltd, which closed its Singapore office in March 2019. Read more at The Business Times.
MAINBOARD-LISTED YuuZoo Networks Group Corporation said in a regulatory filing on Monday morning that it has set up a new corporate support centre in Bangkok to take over the functions previously provided from Singapore by YuuZooNow Pte Ltd, which closed its Singapore office in March 2019.
YuuZoo, a social commerce company whose shares are currently suspended amid investigations into its finances, said that YuuZooNow is not its subsidiary. YuuZooNow is instead a subsidiary of British Virgin Islands-registered YuuZoo Corp, which the company says is a different legal entity with a different board.
This is the first time that YuuZoo has said that YuuZoo Corp is a different company. The company listed on the Singapore Exchange in 2014 through a reverse takeover of W Corp as YuuZoo Corp. In 2018, YuuZoo Corp changed its name to the current YuuZoo Networks Group Corp and completed a restructuring to continue the company as a British Virgin Islands-incorporated business.
When YuuZoo disclosed the closing of its Singapore businesses in March this year, the company described the closed entities as its"Singapore-based subsidiaries".Before 2018, Singapore was YuuZoo's headquarters. In 2018, the company said it had set up a new South-east Asian headquarters for sales in Thailand, but left Singapore as its headquarters for support functions.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
YuuZoo says closed Singapore office is unit of separate legal entity; opens new Bangkok support centreMAINBOARD-LISTED YuuZoo Networks Group Corporation (YuuZoo) said in a regulatory filing on Monday morning that YuuZooNow Pte Ltd, which closed its Singapore office in March 2019, is not a subsidiary of the company but a unit of a separate legal entity. Read more at The Business Times.
Read more »
YuuZoo says closed Singapore office is unit of separate legal entity; opens new Bangkok support centreMAINBOARD-LISTED YuuZoo Networks Group Corporation (YuuZoo) said in a regulatory filing on Monday morning that YuuZooNow Pte Ltd, which closed its Singapore office in March 2019, is not a subsidiary of the company but a unit of a separate legal entity. Read more at The Business Times.
Read more »
PM Lee in Bangkok for Asean summitPRIME Minister Lee Hsien Loong is in Bangkok on Saturday to meet fellow South-east Asian leaders for the 34th Asean Summit. He will be in the Thai capital until Sunday. Read more at The Business Times.
Read more »
Southeast Asian leaders open summit in BangkokBANGKOK: Southeast Asian leaders opened a two-day summit in Bangkok on Saturday (Jun 22), though it was unclear what progress their 10-country ...
Read more »
Arab ministers to discuss financial support for Palestinian AuthorityCAIRO: Arab finance ministers will hold an emergency meeting in Cairo on Sunday (Jun 23) to discuss helping the Palestinian Authority cope with a ...
Read more »