Brief: China Fibretech update of prepayment in relation to acquisition of land use rights

Raffles Infrastructure Holdings

19/08/2016 14:59

Aug 19 (Reuters) - China Fibretech Ltd  CHFI.SI : 
 * Update of prepayment in relation to acquisition of land use rights)  CHFI.SI  
 * Based on recent contact with land bureau, the land will be no longer suitable for constructing a new plant for fabric dyeing operation 
 * Says the prepayment will be refunded by the land bureau in the coming months 
 * Refers to prepayment of RMB20.3 million made to land bureau of Shishi 
municipal government in 2008 in relation to acquisition of a land use rights 
 * Due to uncertainties surrounding claims from three customers, trading of co 
shares will continue to be suspended until further notice 
 
 * Source text for Eikon  ID:nSNZ6ZrmQj  
 
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