China Fibretech says SGX has no objections with trading resumption proposals

SINGAPORE (May 7): China Fibretech, whose shares have been suspended from trading for financial irregularities for more than two and a half years, may resume trading soon with a new business and under a new name.

This comes after the group received a letter from Singapore Exchange Regulation (SGX RegCo) on Feb 23 saying it has no objections to China Fibretech’s proposal to resume of trading.

Under China Fibretech’s resumption of trading proposal, the company will undertake corrective and enforcement actions based on the audit report by KPMG Services.

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