China Sky requests trading halt after SGX queries on unannounced lawsuits

CHINA Sky Chemical Fibre on Monday requested a trading halt with immediate effect.

In a filing to the Singapore Exchange (SGX), under "reasons for trading halt", the chemical fibres manufacturer said: "Pending company's response to SGX's queries on whether there are any unannounced lawsuits. The board of directors of the company is in the process of ascertaining the state of affairs of the company and whether the company is able to operate as a going concern."