In a Sunday filing, YuuZoo Networks says the Singapore office was shuttered in March as the share trading suspension imposed by the Singapore Exchange had resulted in a loss of financing capabilities as well as the loss of signed business agreements.
SINGAPORE (June 26): YuuZoo Networks Group says YuuZooNow, which closed its Singapore office in March, is not a subsidiary of the company but a unit of a separate legal entity.
Instead, YuuZoo Networks says YuuZooNow is a subsidiary of Singapore-registered YuuZoo Content Management, which, in turn, is a subsidiary of British Virgin Island-registered YuuZoo Corporation.
