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Ayondo
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Starship
Supreme |
21-Sep-2021 15:59
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This Ayo-yo Clown is finally FRIED !!!!!!    
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Joelton
Supreme |
21-Sep-2021 09:51
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Ayondo receives SGX delisting notice
CATALIST-LISTED Ayondo on Monday announced that it had received a notification of delisting from the Singapore Exchange (SGX).
The company, which was thought to be the first pure-play fintech to be listed on the SGX, had been suspended from trading since Feb 1, 2019.
The company' s shares will be delisted after an exit offer is made to shareholders and other classes of listed securities to be delisted. The company will make separate announcements when there are further developments to the delisting notification.
Prior to the delisting notice, Ayondo had been granted extensions totalling 18 months to submit its resumption proposal, with the latest extension lapsing on July 31 this year.
To secure the two-month extension from May 25, the company was supposed to have met a number of deadlines, all of which it missed.
While the company had requested a further extension of three months to Oct 31, no reason was provided to SGX Regulation (SGX RegCo) to grant it and the extension was rejected.
Earlier in May 25, the company had announced that it needed more time to complete its acquisition of Rich Glory International Investment in order to stay listed.
At the time, the company had until June 25 to complete the final review of legal due diligence on Rich Glory. The company was also supposed to complete an auditors' review of the company' s financials for FY2018, FY2019 and FY2020 and the first three months of this year by then.
Furthermore, the company was to update the SGX on any material issue and obtain internal clearance from the financial adviser and full sponsor by July 19.
It was then supposed to submit a resumption proposal in the form of a finalised reverse takeover circular to SGX by July 31, together with a full sponsor statement that Rich Glory was suitable for listing on July 31.
In the filing on Monday, the company said that SGX RegCo is also looking into potential Catalist rule breaches by the company.
This is on top of the investigation that the Monetary Authority of Singapore has been conducting on the company since Oct 1, 2020. The company had been ordered to provide certain information and documents in relation to an investigation into a possible offence under the Securities and Futures Act.
The company noted that liability for any breaches of the Catalist rules and the law will not be affected by the company' s delisting.
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PhillipTan
Supreme |
21-Sep-2021 05:04
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Ayondo receives SGX delisting noticeCatalist-listed Ayondo on Monday announced that it had received a notification of delisting from the Singapore Exchange (SGX).The company, which was thought to be the first pure-play fintech to be listed on the SGX, had been suspended from trading since Feb 1, 2019. The company' s shares will be delisted after an exit offer is made to shareholders and other classes of listed securities to be delisted. The company will make separate announcements when there are further developments to the delisting notification. Prior to the delisting notice, Ayondo had been granted extensions totalling 18 months to submit its resumption proposal, with the latest extension lapsing on July 31 this year. To secure the two-month extension from May 25, the company was supposed to have met a number of deadlines, all of which it missed. While the company had requested a further extension of three months to Oct 31, no reason was provided to SGX Regulation (SGX RegCo) to grant it and the extension was rejected. Earlier in May 25, the company had announced that it needed more time to complete its acquisition of Rich Glory International Investment in order to stay listed. At the time, the company had until June 25 to complete the final review of legal due diligence on Rich Glory. The company was also supposed to complete an auditors' review of the company' s financials for FY2018, FY2019 and FY2020 and the first three months of this year by then. Furthermore, the company was to update the SGX on any material issue and obtain internal clearance from the financial adviser and full sponsor by July 19. It was then supposed to submit a resumption proposal in the form of a finalised reverse takeover circular to SGX by July 31, together with a full sponsor statement that Rich Glory was suitable for listing on July 31. In the filing on Monday, the company said that SGX RegCo is also looking into potential Catalist rule breaches by the company. This is on top of the investigation that the Monetary Authority of Singapore has been conducting on the company since Oct 1, 2020. The company had been ordered to provide certain information and documents in relation to an investigation into a possible offence under the Securities and Futures Act. The company noted that liability for any breaches of the Catalist rules and the law will not be affected by the company' s delisting. |
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Joelton
Supreme |
02-Oct-2020 09:11
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Ayondo ordered to provide information for investigation in possible Securities and Futures Act breach
CATALIST-LISTED Ayondo has been ordered by the Monetary Authority of Singapore to provide certain information and documents in relation to an investigation into a possible offence under the Securities and Futures Act, the board disclosed on Thursday.
In addition, independent director Foong Daw Ching and non-executive director Foo Fatt Kah have attended interviews conducted by MAS in conjunction with the Commercial Affairs Department (CAD) in relation to the investigations, said Ayondo in a bourse filing.
Ayondo said that it will cooperate fully, and will give updates as and when there are further significant developments on the matter.
Dr Foo is also a non-independent and non-executive director of Catalist-listed miner Anchor Resources while Mr Foong is an independent director of luggage retailer Travelite Holdings and Chinese property developer Starland Holdings.
The boards of companies said in separate bourse filings on Thursday that they have been informed by Dr Foo and Mr Foong of their interviews with MAS and CAD.
All three companies added that the investigation is not related to them, and therefore will not affect their business and operations.
In addition, based on information available as at Oct 1, Anchor Resources&rsquo board is of the view that Dr Foo&rsquo s performance of his duties as a non-independent and non-executive director will not be compromised by the investigation.
Likewise, Travelite and Starland noted that Mr Foong&rsquo s performance of his duties as independent director to both companies will be unaffected..
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Starship
Supreme |
31-Dec-2019 10:38
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Ayo-yo finally has a great fall........... Ayondo chairman resigns, cites shift in company&rsquo s focus MON, DEC 30, 2019 - 6:01 PM THOMAS Winkler has resigned as the non-executive chairman of Ayondo, citing the Catalist-listed company&rsquo s shift away from Europe and towards Asia. Mr Winkler&rsquo s departure is the latest in a string of resignations at the Catalist-listed firm this year, which is now in a negative equity position. In its latest quarterly results, the company reported a net asset value per share of minus 0.42 Swiss franc cent as at Sept 30. In a bourse filing on Monday, Ayondo said the company is now less focused on Europe, following its disposal of its UK subsidiary, ayondo Markets, as well as the liquidation of its Swiss and German units. However, Mr Winkler has committed to remain as chairman and director of the unit Ayondo Holding AG, to cooperate with liquidators. He holds a 5.66 per cent stake in the company as of Monday. Ayondo said that its board will discuss with an incoming investor on finding a replacement for Mr Winkler, after an extraordinary general meeting that is set to seek shareholders&rsquo approval for the issue of convertible notes. Shares of Ayondo have been suspended from trading since Feb 1. https://www.businesstimes.com.sg/companies-markets/ayondo-chairman-resigns-cites-shift-in-company&rsquo s-focus  |
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Starship
Supreme |
05-Jul-2019 10:00
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More Losses and More Dilution in this Ugly Clown Stock..................... Ayondo posts loss of 3.25m Swiss francs (S$4.47m) for Q1 THU, JUL 04, 2019 - 7:37 PM CATALIST-LISTED fintech firm Ayondo' s loss for the first quarter ended March 31 narrowed to 3.25 million Swiss francs (S$4.47 million) from 6.3 million Swiss francs a year ago. The corresponding quarter a year ago was weighed down by initial public offering costs of 1.88 million Swiss francs, as well as finance costs of about 2.96 million Swiss francs. Net operating income shrank 81 per cent year-on-year to 597,000 Swiss francs, largely due to a 69 per cent fall in trading revenue. Loss per share worked out to 0.006 Swiss franc, versus a loss per share of 0.04 Swiss franc previously. Ayondo said: " As part of the group' s restructuring plan, the group is actively pursuing potential investors' business opportunities to develop its social trading business, particularly in Asia, as well as new businesses. The group sees B2B opportunities to promote social trading to onshore and offshore market participants through leveraging the group' s technology platform." It also plans to streamline its technology platform to reduce costs. The company went on to warn: " The group is in the process of raising funds from certain groups of investors and its ability to secure funding is critical for the group as a going concern and its future business plans." Shares in Ayondo have been suspended from trading since Feb 1. https://www.businesstimes.com.sg/companies-markets/ayondo-posts-loss-of-325m-swiss-francs-for-q1 
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fatpanda
Supreme |
01-Jul-2019 10:14
Yells: "Another wonderful day!" |
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Luckily, Panda did not invest or trade on this stock. After having a few bad experience with the junk and con man companes listed in SGX. Also, disappointed with the way that authorities and regulators handled such fraud cases happened on those companies. | ||||
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Starship
Supreme |
01-Jul-2019 10:00
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The Ugliest sinking ship ever in SGX Circus Maximus........................ Ayondo' s business development officer and product officer leave, ID retires SUN, JUN 30, 2019 - 7:49 PM FIRST, it was the departure of the chief financial officer (CFO), then its chief operating officer (COO), followed by chief talent officer and interim chief executive officer now its the chief business development officer and chief product officer - all these took place in the month of June at Catalist-listed fintech Ayondo. The trading platform developer in separate filings with the Singapore Exchange last Friday annouced the resignation of chief business development officer Mita Natarajan,54, and the cessation of chief product officer Raza Perez, 44. Their departures were the latest in a string of C-suite resignations and cessations the fintech company has reported. Ms Natarajan, who joined Ayondo barely a year ago to be responsible for business development and investor relations, quit " to pursue other career opportunities" . Ayondo received a formal cessation notification that Mr Perez would cease to be chief product officer with effect from June 28, the filing said. Mr Perez had been with Ayondo since mid-2016. Ayondo also reported that its independent director Chan Heng Toong had retired on June 28, as the 69-year-old did not seek re-election. His retirement will mean that he ceased to be the chairman of the remuneration committee as well as a member of the audit and risk committee and nominating committee. A day before these announcements, Ayondo had reported the resignation of its interim CEO Richard Mark Street, 60. Mr Street said he wanted " to pursue other career opportunities and for personal reasons" , with his resignation coming less than six months on the job. Earlier, COO Edward Drake and chief talent officer and general counsel Angela Sadler left their positions on June 13, following the completion of the disposal of unit Ayondo Markets. Their departures were hot on the heels of CFO Sean Downey, who quit in under one year over " differences with the management" regarding Ayondo Markets. Ayondo completed the disposal of its entire stake in Ayondo Markets on June 5. The counter has been suspended since Feb 1 while it addresses issues on business viability, and last traded at 4.8 Singapore cents. https://www.businesstimes.com.sg/companies-markets/ayondos-business-development-officer-and-product-officer-leave-id-retires |
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fatpanda
Supreme |
29-Jun-2019 20:58
Yells: "Another wonderful day!" |
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Independant Director (ID) still there? Some serious issues must be happening in that junk company.... IDs no sound no picture? Have they raised any alarm to alert the authorities? Or, regulator as usual, acted blur? | ||||
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gravity8888
Supreme |
29-Jun-2019 15:08
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Is this the fastest company to go belly up after IPO.. So how do SGX assess such company 🤔 | ||||
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Starship
Supreme |
29-Jun-2019 10:30
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Another one jumps ship together with the one yesterday...................... This Ghost Ship must be pilotless by now and heading to it' s watery grave ...............  Resignation of Ms Mita Natarajan as Chief Business Development Officer of the Company https://links.sgx.com/1.0.0/corporate-announcements/H9ETE9HNTJPLYLN3/1ae60bd3e75652176c3c1a95b7867846aa39e885c2e8cc65c25585be0776263d |
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fatpanda
Supreme |
28-Jun-2019 09:23
Yells: "Another wonderful day!" |
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Clown allowed to come and digged money here by SGX. | ||||
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Starship
Supreme |
28-Jun-2019 09:03
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This stock is a Bigger Clown Than Even Trump....................... More jumping ship before it hits the bottom of the ocean to join Titanic........................ Ayondo interim CEO to quit after less than 6 months on the job FRI, JUN 28, 2019 - 8:27 AM FINTECH Ayondo' s interim chief executive officer Richard Mark Street, 60, will be resigning to " pursue other career opportunities and for personal reasons" , the company said in a Singapore Exchange filing on Thursday night. The Catalist-listed company' s sponsor, UOB Kay Hian Private Limited, has interviewed Mr Street, and is not aware of any other material reasons for Mr Street' s resignation, said Ayondo. Ayondo has identified suitable replacement candidates, and Mr Street' s last day at the firm will be confirmed after a candidate has been appointed, the trading platform developer added. Mr Street' s predecessor Robert Lempka resigned as chief executive on Jan 23, afterwhich Mr Street was named interim CEO. Mr Street' s imminent departure follows chief financial officer Sean Downey' s decision to quit earlier this year. Mr Downey, who came on board as CFO in July last year, tendered his resignation in February this year and left on June 5, citing differences with the management of Ayondo Markets Limited (AML) as one of his reasons for leaving. AML was an indirect subsidiary of Ayondo, and was sold on June 5. Ayondo shares have been suspended since Feb 1 while it addresses issues on business viability, and last traded at 4.8 Singapore cents. https://www.businesstimes.com.sg/companies-markets/ayondo-interim-ceo-to-quit-after-less-than-6-months-on-the-job |
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fatpanda
Supreme |
14-Jun-2019 21:31
Yells: "Another wonderful day!" |
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So, our fellow SG investors have to thank SGX again, to bring such an "investment" grade company here. | ||||
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Starship
Supreme |
14-Jun-2019 19:41
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And more are jumping off the sinking ship....................... 14 Jun 2019 18:34:12 CESSATION OF CHIEF TALENT OFFICER AND GENERAL COUNSEL Directors (the " Board" ) of ayondo Ltd. (the " Company" and together with its subsidiaries, the " Group" ) wishes to announce the cessation of Ms Angela Sadler as Chief Talent Officer and General Counsel of the Group http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=RSSAnnouncementToday& F=GMFHKBQJV9F4QFYZ& H=3a5be68e03981121087e6d996d5b7f24bb9309ba97ea17805b4d05a3e0080895. |
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fatpanda
Supreme |
14-Jun-2019 10:45
Yells: "Another wonderful day!" |
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Key management staff keep leaving rthe company. This is a clear alarm bell to the share holders. | ||||
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Starship
Supreme |
14-Jun-2019 09:33
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Very ugly Clown Stock....................... Ayondo' s COO departs, one week after CFO' s resignation THU, JUN 13, 2019 - 11:19 PM TRADING platform developer Ayondo announced on Thursday night that its chief operating officer (COO) Edward Drake has left his position effective June 13, following the completion of the disposal of unit Ayondo Markets Limited. Mr Drake had been in the position since September 2008 and was responsible for the day-to-day management of Ayondo Markets Limited' s operational hub in London, trading and market risk management, group operations and compliance. He was also responsible for data management, data evaluation and data monetisation. The company' s sponsor UOB Kay Hian Private Limited said that it is not aware of any material reasons for the cessation of Mr Drake as the COO of the group. This comes after the departure earlier this month of chief financial officer (CFO) Sean Downey, who quit in under one year over " differences with the management" regarding Ayondo Markets Limited. https://www.businesstimes.com.sg/companies-markets/ayondos-coo-departs-one-week-after-cfos-resignation  |
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Starship
Supreme |
28-May-2019 18:57
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What a joke this Ayoyo. Chairman sold 1.2m shares but reported half year later................................. Ayondo chairman transferred 1.2 mil shares to third parties last Nov but filing made on May 24 28/05/19, 03:54 pm SINGAPORE (May 28): Ayondo chairman and co-founder Thomas Winkler on Nov 22, 2018, transferred 1.2 million shares at an undisclosed price to third parties, who are existing shareholders of the company. However, regulatory filing was made only on May 24 upon a reconciliation of share transaction records when the company was informed of the share transfer. According to the filing, the transfer was made via Next Generation Finance Management AG after the expiry of a six-month moratorium on Sept 26 2018 which was imposed as part of Ayondo' s March 2018 initial public offering. This reduced Winkler&rsquo s total stake in the company to 28.9 million shares from 30.1 million shares or 5.66% from 5.9% based on Ayondo&rsquo s issued share capital of 509.8 million. Besides holding 2.8 million shares directly immediately after the transfer, Winkler is also deemed to be interested in 0.42 million shares held by his wife, 17.5 million shares held by Global Money Ventures AG, 4.8 million shares held by Next Generation Finance Management and 3.8 million shares by Baltische Bauentwicklungsgesellschaft mbH. Separately, Winkler on May 2 transferred another 1.2 million shares from his individual account to a custodian nominee account. Trading in Ayondo shares has been suspended since Feb 1 amid questions about its financial viability and its compliance with UK capital requirements. On May 7, Ayondo announced it was going ahead with an agreement to sell 99.9% subsidiary AML for £ 5.7 million ($10.2 million) despite being warned by SGX Regulation that conditions including capital requirements have first to be confirmed to have been met before the deal is deemed completed. In a swift response, SGX RegCo said it will undertake a thorough review of what transpired at Ayondo during IPO and after its listing. &ldquo Should we find any breach of the Listing Rules or other regulations, we will act, including referring the matter to the relevant statutory authorities,&rdquo SGX RegCo added. https://www.theedgesingapore.com/ayondo-chairman-transferred-12-mil-shares-third-parties-last-nov-filing-made-may-24 |
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fatpanda
Supreme |
16-May-2019 14:31
Yells: "Another wonderful day!" |
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Good luck...
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InvestSG
Member |
16-May-2019 14:21
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SGX RegCo has clarified that Ayondo has only signed a sale and purchase agreement, which does not breach conditions set forth under the Notice of Compliance, which states that Ayondo must meet the conditions before it can complete the sale.
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