Request for Suspension::Mandatory
Issuer & Securities
Issuer/ ManagerCHINA SKY CHEMICAL FIBRE CO., LTD.
SecurityCHINA SKY CHEM FIBRE CO., LTD. - KYG211051043 - E90
Announcement Details
Announcement Title Request for Suspension
Date & Time of Broadcast12-Aug-2016 09:10:05
StatusNew
Announcement ReferenceSG160812SUSPO3TQ
Submitted By (Co./ Ind. Name)Er Kwong Wah
DesignationIndependent Director
Narrative TypeNarrative Text
Additional TextThe Company has received information that the China Construction Bank in Quanzhou had filed 5 lawsuits against the two subsidiaries of the company in Quanzhou.
Additional TextAs the Board has no details of the lawsuits and the total claim amounts, the Board is seeking confirmation from the legal representative of the two subsidiaries and has directed him to produce all the legal documents pertaining to the suits. Arising from the lawsuits against the subsidiaries by the China Construction Bank,
Additional Textthe Board is making an assessment on the going concern of the company.
Event Dates
Effective Date and Time of the EventWith Immediate Effect

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