Mandai Freehold B2 Industrial Space - 新加坡唯一一个B2永久重型工业厂房.

Mandai Freehold B2 Industrial Space - 新加坡唯一一个B2永久重型工业厂房.
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Monday, May 8, 2017

Yuuzoo's auditor quitted because of financial concern.

http://www.businesstimes.com.sg/companies-markets/yuuzoo-says-audit-delay-due-to-intense-interaction-with-auditor

This is definitely a warning sign for more troubles to come as perceived valuation of Yuuzoo's franchisee's shares can evaporate like a whiff of smoke.  Yuuzoo should be more upfront on the rationale and methodology used to value the shares and the concern raised by the auditor.  Why did the auditor disagree with the valuation?  Equities received in place of receivables meant that its franchisee was not doing well and couldn't pay the money owed.  Therefore, there must be massive writedown of the shares to be used to replace the debt owed to Yuuzoo as the on-going concern was hard to assess.

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