Regulatory Actions By SGX::Response to YuuZoo Shareholders Association

Issuer & Securities

Issuer/ Manager
YUUZOO NETWORKS GROUP CORPORATION
Securities
YUUZOO NETWORKS GROUP CORP - VGG9889R1001 - AFC
Stapled Security
No

Announcement Details

Announcement Title
Regulatory Actions By SGX
Date &Time of Broadcast
22-Jan-2019 19:09:31
Status
New
Announcement Sub Title
Response to YuuZoo Shareholders Association
Announcement Reference
SG190122OTHR7KZQ
Submitted By (Co./ Ind. Name)
Listing Compliance
Designation
Singapore Exchange Regulation
Description (Please provide a detailed description of the event in the box below)
The Exchange makes reference to the letter received from the YuuZoo Shareholders Association dated 7 January 2019 regarding the trading suspension imposed on YuuZoo Networks Group Corporation (Company).

The Exchange has responded to the YuuZoo Shareholders Association, drawing reference to its announcement dated 2 April 2018 concerning its referral to the relevant authorities for possible breaches of the Securities and Futures Act (Cap 289) by the Company.

As provided in the aforesaid announcement, the trading suspension will be lifted when the Exchange is satisfied that the state of affairs of the Company can be ascertained and the shares of the Company can be traded on a fair, orderly and transparent basis.

As the investigation by the Commercial Affairs Department is ongoing, trading in the shares of the Company will continue to be suspended.