Dogged by complaints of poor corporate governance and weak results, YuuZoo's shares have been suspended since March last year.
SINGAPORE (June 19): YuuZoo Corporation says it has sold a 2.91% stake in its video streaming subsidiary, YuuFlix, for $3 million ($4.1 million) to an unnamed foreign investor which has been fully paid.
The stake corresponds to a valuation of US$100 million, says YuuZoo in a Singapore Exchange (SGX) filing on Wednesday night.
