African Equity Empowerment Investments (AEEI), the parent company of Ayo Technology, said on Thursday that it has identified accounting errors in the subsidiary’s prior financial results.

AEEI said the errors were in Ayo’s unaudited interim results to end-February 2018, as well as the same period in 2019, saying in a trading update that it will go into detail when it releases results on June 15...

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