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YuuZoo says it'll be more mindful about 'over-promising' to shareholders

At its AGM, owners pass all resolutions, including one to issue up to 1.5m stock options to chairman

Published Fri, Jul 7, 2017 · 09:50 PM

Singapore

YUUZOO Corporation is taking a more conservative approach to reporting its finances and is seeking better executives and board members, its directors said on Friday as shareholders voiced displeasure about unfulfilled promises and instability at the top.

"Having a much more conservative accounting policy on how we book the franchise revenue makes a lot of sense moving forward," executive chairman Thomas Ziliacus said at the annual general meeting (AGM).

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