SGX weighs in on governance worries at YuuZoo

Singapore

THE unusual tit-for-tat between Professor Mak Yuen Teen and Singapore- listed YuuZoo that has been playing out for more than two weeks over governance-related concerns at the social media and e-commerce company appears to have caught the Singapore Exchange's attention.

The Business Times understands that the stock market's frontline regulator has weighed in on the matter and now wants a say in the company's choice of an independent third party that will be tasked with investigating certain claims and statements raised about the company including allegations by its former financial controller.