It may come across as a simple deal, but YuuZoo Corp’s recently announced S$30 million funding facility from US-based fund GEM Global is by no means heartening for investors saddled by the anaemic showing of its stock since its debut on the Singapore Exchange a year ago.
Chinese stocks trading in Hong Kong will surge 33 per cent by the end of this year as stronger fiscal stimulus on the mainland revives economic growth, Deutsche Bank AG said.
Yuuzoo Corp has secured a S$30 million funding facility for the next three years from New York-based private alternative investment group GEM Global Yield Fund.