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?Subject to this and the trading suspension being lifted, the Company expects to be able to announce the Q2/2019 as well as the FY results by the required deadlines.? Seems like Yuuzoo is defying SGX rules. If SGX does not punish Yuuzoo or it board of directors then every suspended co can do the same to SGX.
If Yuuzoo really indeed received millions of USD for selling a small stake in their subsidiaries then why they can?t pay staff salaries? Why always talk about unable to do fund raising? Why wouldn?t Zilliacus buy up Yuuzoo on the cheap and list Yuuzoo in Thailand instead?
What a laughing stock...................
YUUZOO NETWORKS GROUP CORPORATION
(Incorporated in BVI)
ANNOUNCEMENT RELATING TO Q1 FINANCIAL ANNOUNCEMENT
The Board of Directors of YuuZoo Networks Group Corporation (&rdquo YuuZoo&rdquo or &ldquo the Company&rdquo ) (SGX:AFG) wishes to explain the reasons for the delay in releasing the Q1/2019 financial announcement.
Earlier financial announcements were prepared by the staff working for YuuZooNow Pte Ltd in Singapore. When the employees of YuuZooNow Pte Ltd were laid off in March 2019, due to the inability of the parent company to continue its funding of YuuZooNow Pte Ltd as the continued suspension of the trading of the shares of the Company made it impossible for the Company to raise funds, the
staff that was laid off did not do a proper handover of documents and computers as required by their employment agreements. This has resulted in significant challenges for the Company to retrieve the information required to complete the Q1/2019 results.
The Company is working on finding solutions to the problems and hopes to be able to announce the Q1/2019 results soon. Subject to this and the trading suspension being lifted, the Company expects to be able to announce the Q2/2019 as well as the FY results by the required deadlines.
July 10th 2019
For and on behalf of the Board of
YuuZoo Networks Group Corporation
https://links.sgx.com/FileOpen/Announcement%20July%2011%202019%20Q1%20results.ashx?App=Announcement& FileID=569906
there are ppl that still believes in this. . no one can stop them from donating to zoo.
bigdragon966 ( Date: 25-Jun-2019 12:40) Posted:
this is what you see
lailai ( Date: 12-Jun-2019 12:35) Posted:
A few days ago, an Indonesian conglo acquired 3.23% of YuuPay, a subs, for US$5mil, valuing it for US$150mil.
Dividing by the issued shares of 790mil in YZ, each sh is worth US$0.19 or 26cts Sing, just base on the subs worth alone.
What a joke, YZ closed at 3.8cts just b4 susp more than a yr ago.
Looks like its value multiplies, when it is being suspended.
Looks like it' s now going ahead with the planning and development of the massive 85 hectares real estate China project, from their latest announcement.
Wonder if the CAD has finished their investigation.
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Bcos it' s a fairytale world that' s only visible to residents of the ZOO .........................
bigdragon966 ( Date: 25-Jun-2019 12:40) Posted:
this is what you see
lailai ( Date: 12-Jun-2019 12:35) Posted:
A few days ago, an Indonesian conglo acquired 3.23% of YuuPay, a subs, for US$5mil, valuing it for US$150mil.
Dividing by the issued shares of 790mil in YZ, each sh is worth US$0.19 or 26cts Sing, just base on the subs worth alone.
What a joke, YZ closed at 3.8cts just b4 susp more than a yr ago.
Looks like its value multiplies, when it is being suspended.
Looks like it' s now going ahead with the planning and development of the massive 85 hectares real estate China project, from their latest announcement.
Wonder if the CAD has finished their investigation.
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this is what you see
lailai ( Date: 12-Jun-2019 12:35) Posted:
A few days ago, an Indonesian conglo acquired 3.23% of YuuPay, a subs, for US$5mil, valuing it for US$150mil.
Dividing by the issued shares of 790mil in YZ, each sh is worth US$0.19 or 26cts Sing, just base on the subs worth alone.
What a joke, YZ closed at 3.8cts just b4 susp more than a yr ago.
Looks like its value multiplies, when it is being suspended.
Looks like it' s now going ahead with the planning and development of the massive 85 hectares real estate China project, from their latest announcement.
Wonder if the CAD has finished their investigation.
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The sufferers are always the retail investors................
Shame on SGX for the countless scam stocks that has come to light too late and too little ---- and the unknown number of such stocks yet to be exposed and brought to justice............................
Basically Zoo is playing catch me if you can., shaming sgx in the process.
lailai ( Date: 25-Jun-2019 08:08) Posted:
Hard to understand those legal jargons, if one is not a lawyer or accountant.
As long as sgx don' t lift up susp, they can write what they want to up it, others can write what they want to down it, there will still be no trading lah.
The joke, it seems, is that it stays better in value when susp, than when traded, from recent Indo acq of 3.23% of YuuP for US$5mil, and the go ahead to dev 85 hectares Cina proj.
So sgx is doing them and shareholders a favor, or not doing their job???
lailai ( Date: 12-Jun-2019 12:35) Posted:
A few days ago, an Indonesian conglo acquired 3.23% of YuuPay, a subs, for US$5mil, valuing it for US$150mil.
Dividing by the issued shares of 790mil in YZ, each sh is worth US$0.19 or 26cts Sing, just base on the subs worth alone.
What a joke, YZ closed at 3.8cts just b4 susp more than a yr ago.
Looks like its value multiplies, when it is being suspended.
Looks like it' s now going ahead with the planning and development of the massive 85 hectares real estate China project, from their latest announcement.
Wonder if the CAD has finished their investigation.
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Hard to understand those legal jargons, if one is not a lawyer or accountant.
As long as sgx don' t lift up susp, they can write what they want to up it, others can write what they want to down it, there will still be no trading lah.
The joke, it seems, is that it stays better in value when susp, than when traded, from recent Indo acq of 3.23% of YuuP for US$5mil, and the go ahead to dev 85 hectares Cina proj.
So sgx is doing them and shareholders a favor, or not doing their job???lailai ( Date: 12-Jun-2019 12:35) Posted:
A few days ago, an Indonesian conglo acquired 3.23% of YuuPay, a subs, for US$5mil, valuing it for US$150mil.
Dividing by the issued shares of 790mil in YZ, each sh is worth US$0.19 or 26cts Sing, just base on the subs worth alone.
What a joke, YZ closed at 3.8cts just b4 susp more than a yr ago.
Looks like its value multiplies, when it is being suspended.
Looks like it' s now going ahead with the planning and development of the massive 85 hectares real estate China project, from their latest announcement.
Wonder if the CAD has finished their investigation.
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when you can' t convince somebody, you confuss them lol
Look at his face, u don' t like already
He is formally id in mediaring/si2i/sevak
Makes the investigation way more difficult. Unlikely for them to resume trading now.
dollarsense ( Date: 24-Jun-2019 10:44) Posted:
| this is truly a accounting marvel. |
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Why so many story one? When the suspension will be lifted? I want to buy 10 shares.
this is truly a accounting marvel.
YuuZoo says closed Singapore office is unit of separate legal entity opens new Bangkok support centre
MAINBOARD-LISTED YuuZoo Networks Group Corporation (YuuZoo) said in a regulatory filing on Monday morning that YuuZooNow Pte Ltd, which closed its Singapore office in March 2019, is not a subsidiary of the company but a unit of a separate legal entity.
YuuZoo said YuuZooNow is a subsidiary of Singapore-registered YuuZoo Content Management Pte Ltd, which is a subsidiary of British Virgin Islands-registered YuuZoo Corporation, a different legal entity with a different board.
In the filing to " correct statements that have been made in the Singapore media" , YuuZoo said: " The Singapore office was not a flagship office as has been claimed. It was a small office with around 10 employees."
The office was closed as the share trading suspension imposed by the SGX resulted in a loss of financing capabilities as well as the loss of signed business agreements, it added.
YuuZoo said that the group will deal with the responsibilities linked to the closure of the Singapore office of YuuZooNow Pte Ltd as soon as SGX lifts the share trading suspension and allows the company to function normally.
Meanwhile, YuuZoo has opened a new corporate support centre in Bangkok to take over the functions previously provided by YuuZooNow.
The new Bangkok support centre will provide accounting, technology, legal, human resource and administrative support.
http://www.businesstimes.com.sg/companies-markets/yuuzoo-says-closed-singapore-office-is-unit-of-separate-legal-entity-opens-new
in the negatives? lol
Berani ( Date: 12-Jun-2019 13:06) Posted:
if lift suspense.....
this share will jump like CRAZY
lailai ( Date: 12-Jun-2019 12:35) Posted:
A few days ago, an Indonesian conglo acquired 3.23% of YuuPay, a subs, for US$5mil, valuing it for US$150mil.
Dividing by the issued shares of 790mil in YZ, each sh is worth US$0.19 or 26cts Sing, just base on the subs worth alone.
What a joke, YZ closed at 3.8cts just b4 susp more than a yr ago.
Looks like its value multiplies, when it is being suspended.
Looks like it' s now going ahead with the planning and development of the massive 85 hectares real estate China project, from their latest announcement.
Wonder if the CAD has finished their investigation.
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when is yuuzoo going to acquire microsot?
Starship ( Date: 12-Jun-2019 09:37) Posted:
Unbelievable News.......................
YuuZoo and Harbin mayor agree on definitive timetable for Nordic Sport Town real estate project
TUE, JUN 11, 2019 - 7:28 PM
SOCIAL media company YuuZoo Networks Group on Tuesday said after trading hours that it has agreed with the mayor of Harbin, China on a definitive timetable for the Nordic Sport Town real estate project to start on May 1, 2020.
Under the earlier signed framework agreement, YuuZoo will plan and manage the development of 85 hectares of river-fronting land. According to the company, the land is located on a &ldquo prime upmarket new development area&rdquo earmarked by the local Harbin government for high-end residential, commercial, tourism, education and sports developments.
The master plan for the project, created by YuuZoo in cooperation with Sweco, a Scandinavian real estate planning firm, includes residential properties, hotels, a multipurpose sport arena, commercial real estate, educational facilities, tourism projects and other developments by the river. Once completed, YuuZoo will run all e-commerce, eSports, eServices and ePayments activities in the area.
YuuZoo said that the trading ban by the Singapore Exchange has resulted in the company facing &ldquo major challenges in moving forward with the massive project&rdquo , but added that it has managed to raise funds to go ahead.
The company said that the joint venture formed in Harbin with local partners has given it the required local support and knowhow for the development of the Nordic Sport Town.
The Business Times reported in May that several former employees of YuuZooNow! Pte Ltd in Singapore have made claims against the company for unpaid salaries.
YuuZooNow! is an indirect wholly owned subsidiary of YuuZoo Networks Group (formerly known as YuuZoo Corporation).
In March this year, YuuZoo closed all its Singapore-based subsidiaries and terminated all its Singapore-based employees as a direct consequence of its trading suspension.
YuuZoo' s shares have been suspended since March 2018. Its auditor at the time, RT LLP, said a disclaimer had been issued to YuuZoo, in response to questions posed by the SGX because the auditor had been " unable to form an opinion due to limitation of scope" . The company added that the SGX had also refused to accept its response, and asked the Commercial Affairs Department to investigate the company.
https://www.businesstimes.com.sg/companies-markets/yuuzoo-and-harbin-mayor-agree-on-definitive-timetable-for-nordic-sport-town-real
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Monkey Business personified..................
you will believe what is said?
the announcement carries no signature, no author.
Berani ( Date: 12-Jun-2019 13:06) Posted:
if lift suspense.....
this share will jump like CRAZY
lailai ( Date: 12-Jun-2019 12:35) Posted:
A few days ago, an Indonesian conglo acquired 3.23% of YuuPay, a subs, for US$5mil, valuing it for US$150mil.
Dividing by the issued shares of 790mil in YZ, each sh is worth US$0.19 or 26cts Sing, just base on the subs worth alone.
What a joke, YZ closed at 3.8cts just b4 susp more than a yr ago.
Looks like its value multiplies, when it is being suspended.
Looks like it' s now going ahead with the planning and development of the massive 85 hectares real estate China project, from their latest announcement.
Wonder if the CAD has finished their investigation.
|
|
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if lift suspense.....
this share will jump like CRAZY
lailai ( Date: 12-Jun-2019 12:35) Posted:
A few days ago, an Indonesian conglo acquired 3.23% of YuuPay, a subs, for US$5mil, valuing it for US$150mil.
Dividing by the issued shares of 790mil in YZ, each sh is worth US$0.19 or 26cts Sing, just base on the subs worth alone.
What a joke, YZ closed at 3.8cts just b4 susp more than a yr ago.
Looks like its value multiplies, when it is being suspended.
Looks like it' s now going ahead with the planning and development of the massive 85 hectares real estate China project, from their latest announcement.
Wonder if the CAD has finished their investigation.
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