Ayondo shares in limbo pending clarity over unit's compliance with UK authority

Singapore

CATALIST-LISTED Ayondo, which runs a social trading platform, said on Thursday night that auditors KPMG and Ernst & Young are in a disagreement over how a key metric of financial strength for one of its operating subsidiaries is calculated.

Ayondo Markets Limited (AML), a 99.91 per cent-owned subsidiary of Ayondo, is one of two primary subsidiaries through which the group offers social trading and brokerage services in the UK.