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YuuZoo buys gaming firm in S$18m deal

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Published Mon, Feb 16, 2015 · 09:50 PM

Singapore

SOCIAL media company YuuZoo on Monday said it has acquired Singapore-based gaming company IAHGames for about S$18 million in an all-share deal.

The issuance was of 50 million YuuZoo shares at S$1 apiece, representing an almost 178 per cent premium over YuuZoo's last traded price (before the deal) of S$0.36- its closing price on Monday at 1.4 per cent or 0.5 Singapore cents higher than its previous close.

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