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YuuZoo drops investment in American movie studio

Published Tue, Feb 28, 2017 · 09:50 PM

Singapore

YUUZOO'S much-hyped, recently-announced investment of up to US$150 million in American movie studio Relativity Holdings Media has been called off.

The mainboard-listed social networking company announced on Tuesday the cancellation of its planned equity investment, saying "inter alia, conditions precedent to the investment had not been met".