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Published Fri, Jun 2, 2017 · 09:50 PM

China Gaoxian Fibre Fabric

THE auditors of China Gaoxian Fibre Fabric Holdings said there is a "material uncertainty" that casts significant doubt on the company's ability to remain as a going concern. Foo Kon Tan cited the firm's incurred losses of 375.1 million yuan (S$76.1 million) in 2016, and net current liabilities of 2.1 billion yuan as at end-2016.

The operating company also had a net liability of 91 million yuan as at Dec 31, 2016.

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