YuuZoo says Indonesian investor has acquired 3% stake in its payment unit for US$5m
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
BELEAGUERED social media company YuuZoo Networks Group on Thursday said that during the time its shares were suspended from trading, the company had, nonetheless, signed an investment agreement for the sale of a 3.23 per cent stake in its fully-owned payment subsidiary, YuuPay Secure, for US$5 million to an unnamed Indonesian conglomerate.
This values YuuPay at about US$150 million. The cash payment has been received in full, it said.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
