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YuuZoo shares dive after auditors' disclaimer of opinion

Moore Stephens not seeking re-election; YuuZoo says it's looking for a new auditor who fully understands its business

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YuuZoo's Mr Zilliacus said: "We're not primarily a dividend-focused company. We're more focused on growing the value of the shares. We will sell shares in our franchisees when the time is right..."

Singapore

YUUZOO fell as much as 12.5 per cent to an intra-day low of S$0.175 on Thursday after its auditors Moore Stephens LLP issued a disclaimer of opinion over the firm's audited FY15 consolidated financial statements, and announced that they do not plan to stand for re-election as