SINGAPORE (Mar 12): YuuZoo Corp stands by its accounting policies for its franchise operations despite the criticism it has received, the company’s executive chairman Thomas Zilliacus told minority shareholders at a dialogue organised by the Securities Investors Association (Singapore) on March 7. Responding to a question from SIAS president David Gerald, Zilliacus adds that he does not think the regulators understand his business. His comments come after the company was hit with a compliance notice and queries from the Singapore Exchange on March 5.

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