YuuZoo joins the Mainboard after $490m takeover by W Corp

It’s the 63rd SGX-listed tech firm.

The Singapore Exchange today welcomed the listing of YuuZoo Corporation on the Mainboard. This follows the $490m acquisition by W Corporation Limited of YuuZoo, which was satisfied by the issue of shares by W Corp.

It will trade the stock code of “AFC”. The listing of YuuZoo brings the total number of SGX-listed companies in the technology sector to 63, with a combined market capitalisation of more than $9 billion.

Headquartered in Singapore, YuuZoo builds social e-commerce networks which are optimised for mobile devices.

According to Lawrence Wong, Head of Listings, SGX, “We are proud to welcome YuuZoo to SGX. Riding on the tremendous growth of e-commerce and social media globally, YuuZoo adds diversity of our listings and widens the choices available to our investors.”