General Announcement::SGX welcomes YuuZoo Corporation to Mainboard

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
16-Sep-2014 10:18:35
Status
New
Announcement Sub Title
SGX welcomes YuuZoo Corporation to Mainboard
Announcement Reference
SG140916OTHR9MSK
Submitted By (Co./ Ind. Name)
Benjamin Tan
Designation
Vice President
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) is pleased to welcome the listing of YuuZoo Corporation (YuuZoo) on Mainboard, under the stock code of AFC .

The listing follows the acquisition by W Corporation Limited (W Corp) of YuuZoo for a consideration of approximately S$490 million, satisfied by the issue of shares by W Corp.

Headquartered in Singapore, YuuZoo builds social e-commerce networks which are optimised for mobile devices.
Thomas Zilliacus, Chairman and Chief Executive Officer, YuuZoo, said, We are delighted and proud to be the first social e-commerce company to be listed on the Singapore Exchange Mainboard. Our unique business model, which combines social media and e-commerce, localises each consumer experience and optimises it for mobile device use, presenting us with a huge market opportunity. With the explosive growth in social media and e-commerce across the world and Asia in particular, YuuZoo is able to capitalise on this growth with registered users in 164 countries. This listing will provide us with an effective platform to tap the capital markets as we pursue new growth opportunities.

Lawrence Wong, Head of Listings, SGX, said: We are proud to welcome YuuZoo to SGX. Riding on the tremendous growth of e-commerce and social media globally, YuuZoo adds diversity of our listings and widens the choices available to our investors.

The listing of YuuZoo brings the total number of SGX-listed companies in the technology sector to 63, with a combined market capitalisation of more than S$9 billion.



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Attachments

20140916_ SGX_welcomes_YuuZoo_Corporation_to_Mainboard.pdf
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