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.
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