Brief: China Fibretech says unit received notices from customers

Raffles Infrastructure Holdings

30/11/2015 02:13

Nov 30 (Reuters) - China Fibretech Ltd  CHFI.SI : 
 * Says claim by customers 
 * Says claims were only brought to the attention of the management recently for products delivered in 2014 and early 2015 
 * Subsidiary has received notices from three customers on 25 November 2015 and 26 November 2015 
 * Says trading of the company shares will be suspended until further notice 
 * Uncertainty in relation to validity of claims, quantum thereof and impact that these might have 
 * Says it is noted that the said notices have not quantified the alleged losses incurred 
 * Management will be visiting customers to establish the facts surrounding their allegations and take steps to verify their claims 
 * Source text for Eikon  ID:nSNZ7KBTQ2  
 
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