Ayondo goes ahead with controversial move to sell UK unit

Singapore

CATALIST-listed Ayondo has gone ahead to seal a deal to sell its UK-based investment firm despite the deal coming under the scrutiny of the Singapore Exchange's regulation unit (SGX RegCo).

In response to a query from The Business Times, SGX RegCo on Wednesday night said that Ayondo must meet the conditions it set out in April before it can dispose of the unit.

"We are greatly concerned about the turn of events at Ayondo which surfaced less than a year aft…