Brief: China Fibretech says unit to shutdown operations

Raffles Infrastructure Holdings

03/04/2017 16:13

April 3 (Reuters) - China Fibretech Ltd  CHFI.SI : 
    * Operation of unit, Shishi Simwa Knitting & Dyeing has been 
downsizing and will be temporarily shut down 
    * Operations to shut due to non-compliance of sewage 
treatment regulation and sewage disposal without treatment made 
by sewage treatment service provider 
    * Due to uncertainties surrounding claims, trading of 
company shares will continue to be suspended until further 
notice 
    * Operation of subsidiary will be resumed upon compliance of 
relevant regulations by Haitian 
    * To downsize and will temporarily shut down operation of 
its subsidiary in coming few days in order to avoid further loss 
    * Capacity of sewage treatment service provided to 
subsidiary has been reduced to 400 tonnes per day 
    * Haitian penalized by local authority, output of sewage 
from all dyeing companies in Wubao Industrial Zone restricted 
and closely monitored by relevant authorities 
    * Owing to non-compliance of environmental protection and 
sewage treatment regulation in Shishi by Haitian, Haitian was 
penalized 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ4Wmp4c 
Further company coverage:  CHFI.SI  
 
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