Catalist-listed Ayondo completes sale of Ayondo Markets
But shares remain suspended until firm addresses going concern and business viability issues
Singapore
FINTECH company Ayondo has completed the disposal of its entire stake in Ayondo Markets Limited (AML), though shares in the Catalist-listed firm will remain suspended until it is able to address issues on its business viability.
The deal was completed on June 5, and AML will cease to be an indirect subsidiary of Ayondo, as all conditions precedent to the proposed disposal have been fulfilled and/or waived, the company said.
TRENDING NOW
Singapore developer in limbo after Timor-Leste scraps major township project
From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire
‘I feel so stupid’: How young Indonesians get stuck on the debt treadmill
Hanoi orders 20% surge in IP enforcement cases in May after US warning