YuuZoo Networks Faces Delisting Amid Legal, Regulatory Issues

MT Newswires

2024-07-09

YuuZoo Networks (SGX:AFC) is slated for delisting from the Singapore Exchange following the suspension of its shares in March 2018 due to regulatory concerns and legal allegations, according to a Monday filing on the local bourse.

SGX suspended trading citing market integrity issues after Ernst & Young Advisory's review, which flagged potential breaches of the Securities and Futures Act related to misleading financial statements. Former CEO James Matthew Somasundram faces charges for allegedly overstating revenues during 2015-2016.

The company has not issued financial reports since February 2019 and failed to propose a viable plan for trading resumption, leading to the delisting decision.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2450030053"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2450030053\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2450030053?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-09 09:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2450030053","market":"sg","top_or_hot":-1,"title":"YuuZoo Networks Faces Delisting Amid Legal, Regulatory Issues","media":"MT Newswires","content":"<html><body><p> YuuZoo Networks (SGX:AFC) is slated for delisting from the Singapore Exchange following the suspension of its shares in March 2018 due to regulatory concerns and legal allegations, according to a Monday filing on the local bourse.</p><p>SGX suspended trading citing market integrity issues after Ernst &amp; Young Advisory's review, which flagged potential breaches of the Securities and Futures Act related to misleading financial statements. Former CEO James Matthew Somasundram faces charges for allegedly overstating revenues during 2015-2016.</p><p>The company has not issued financial reports since February 2019 and failed to propose a viable plan for trading resumption, leading to the delisting decision.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>YuuZoo Networks Faces Delisting Amid Legal, Regulatory Issues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYuuZoo Networks Faces Delisting Amid Legal, Regulatory Issues\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time smaller\">2024-07-09 09:46</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><body><p> YuuZoo Networks (SGX:AFC) is slated for delisting from the Singapore Exchange following the suspension of its shares in March 2018 due to regulatory concerns and legal allegations, according to a Monday filing on the local bourse.</p><p>SGX suspended trading citing market integrity issues after Ernst &amp; Young Advisory's review, which flagged potential breaches of the Securities and Futures Act related to misleading financial statements. Former CEO James Matthew Somasundram faces charges for allegedly overstating revenues during 2015-2016.</p><p>The company has not issued financial reports since February 2019 and failed to propose a viable plan for trading resumption, leading to the delisting decision.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2450030053","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2450030053","pubTimestamp":1720489602,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"YuuZoo Networks  is slated for delisting from the Singapore Exchange following the suspension of its shares in March 2018 due to regulatory concerns and legal allegations, according to a Monday filing on the local bourse.SGX suspended trading citing market integrity issues after Ernst & Young Advisory's review, which flagged potential breaches of the Securities and Futures Act related to misleading financial statements. Former CEO James Matthew Somasundram faces charges for allegedly overstating revenues during 2015-2016.The company has not issued financial reports since February 2019 and failed to propose a viable plan for trading resumption, leading to the delisting decision.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"YuuZoo Networks因法律和监管问题面临退市","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFC.SI":0.9},"content_text":"YuuZoo Networks (SGX:AFC) is slated for delisting from the Singapore Exchange following the suspension of its shares in March 2018 due to regulatory concerns and legal allegations, according to a Monday filing on the local bourse.SGX suspended trading citing market integrity issues after Ernst & Young Advisory's review, which flagged potential breaches of the Securities and Futures Act related to misleading financial statements. Former CEO James Matthew Somasundram faces charges for allegedly overstating revenues during 2015-2016.The company has not issued financial reports since February 2019 and failed to propose a viable plan for trading resumption, leading to the delisting decision.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}