Corporate digest

YuuZoo

SINGAPORE-listed YuuZoo Corporation has acquired an exclusive option to buy the holding company of Cinram Europe for 7.5 million YuuZoo shares. Cinram, one of Europe's biggest logistics and distribution companies, serves clients such as Amazon, Paramount, Universal Studios, Warner Bros and Sony.

YuuZoo would acquire the holding company from US-based 46 State Street LLC and an affiliate. The acquisition is subject to satisfactory due diligence by YuuZoo Corp, and expires on June 30 this year.