Singapore main board listed YuuZoo Corporation Limited (“YuuZoo”) (SGX: AFC) (the “Company”), notes the release of the DealStreetAsia article, “Exclusive: YuuZoo in early talks to raise $100m, mulls secondary listing on NASDAQ” on 8 December 2014. Article appended below.
YuuZoo would like to clarify the following content:
(a) YuuZoo “is expected to sell about 20 per cent equity, to raise between S$50-100 million”
(b) YuuZoo could possibly explore “a secondary listing on the NASDAQ”
(c) Yuuzoo is “also planning to expand operations and establish a presence in Silicon Valley”, “may take the inorganic route through acquisitions to reach the Valley” and “in discussions with some companies in the Valley about possible acquisitions of them and this could be one way of getting there to buy an existing operation with a good team”.
As part of ordinary course of business, YuuZoo is in constant discussions with potential investors, analysts, investment banks and companies to enhance shareholders’ value.
With regards to the above matters, YuuZoo wishes to clarify that no decision has been made by YuuZoo’s board of directors (the “Board”) on any of the quoted issues. The Company has also not appointed any professionals for this purpose. In the event any decisions or appointments are made, the Board will make necessary disclosure by way of required announcements.
In the event that shareholders and other investors are in doubt when dealing in the Company’s securities, they should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers.