YuuZoo Corp under investigation by CAD

Singapore

MAINBOARD-LISTED online media company YuuZoo Corp is under investigation by the Commercial Affairs Department (CAD) for possible breaches of the Securities and Futures Act.

In an exchange filing on Tuesday night, YuuZoo said that the CAD has asked it to provide access to documents or information related to the company, its subsidiaries and associates from financial years 2013 to 2016, including all records and correspondences related to franchises, franchising arrangements and firms it has a stake in.