China Sky Chemical Fibre Co has asked for the four-year suspension on its shares to be lifted in time for trading on Thursday.
The maker of fibres says it has met requirements laid out by Singapore Exchange that will allow it to resume trading. This includes the appointment of Colin Ng & Partners as a compliance officer and BDO as its internal auditor.
The counter was suspended in November 2011 amid investigations into a number of major transactions that included a botched purchase of land in Fujian, China. Former chief executive Huang Zhong Xuan has since been fined $2.5 million for making misleading statements and failing to disclose information.
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The maker of fibres says it has met requirements laid out by Singapore Exchange that will allow it to resume trading. This includes the appointment of Colin Ng & Partners as a compliance officer and BDO as its internal auditor.
The counter was suspended in November 2011 amid investigations into a number of major transactions that included a botched purchase of land in Fujian, China. Former chief executive Huang Zhong Xuan has since been fined $2.5 million for making misleading statements and failing to disclose information.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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