More time needed to produce accounts due to finance team's exit: ayondo

SOCIAL trading company ayondo has asked the Singapore Exchange to give it more time to produce its unaudited accounts for the June and September quarters.

In June, ayondo's chief financial officer Sean Downey quit over"differences with the management" regarding ayondo Markets. Additional work is also required to deconsolidate ayondo Markets' accounts from the group's second-quarter results following the sale. "The company is currently in the process of identifying suitable qualified accountants to be hired as outsourced or in-house personnel to perform the finance function of the group on a full-time or part-time basis," ayondo said.

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