SGX raps YuuZoo on highlighting 'most optimistic valuation' in report via SGXNet

Singapore

THE Singapore Exchange (SGX) took YuuZoo Corporation to task on Friday over the use of a press release highlighting "the most optimistic valuation" of the company in a research report.

SGX reprimanded the IT company, which had put out a news release in May 2015 based on a report from Edison Investment Research that highlighted a S$1.83 fair value.