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SINGAPORE Exchange (SGX) has granted YuuZoo Corporation one month's extension, until May 31, to hold its 2014 annual general meeting (AGM).
In a filing to SGX on Friday morning, the company said it had on Wednesday announced the extension approval for the release of the results for the financial year ended Dec 31, 2014.
And that YuuZoo had requested for additional time to hold the 2014 AGM as it needed additional time for audit review process and procedures; that there was a delay in finalisation of figures accounts for the inherited subsidiaries - legacy of WCorporation before reverse takeover completion; and the finalisation of accounting treatment of the reverse takeover and accounting methodology as the treatment of this transaction stands as a complex one.