The Business Times
business-time-50
SUBSCRIBERS

Asia Fashion comes under pressure

Shares fall 15% on subsidiary's involvement in compensation claims; chairman of audit board quits; PwC to review China units

google-preferred-sourceAdd BT as a preferred source
Published Fri, Mar 28, 2014 · 10:00 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    THE share price of Asia Fashion Holdings, a maker of functional knitted fabrics, fell about 15 per cent to 5.3 cents yesterday on news that a subsidiary was the subject of arbitration proceedings for alleged non-fulfilment of obligations in an 86.5 million yuan (S$17.8 million) compensation settlement.

    The fall was despite Asia Fashion saying that the settlement amount payable was already provided for in its financial statements.

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Kapa's pair of semi-detached houses in Westlake Avenue were rebuilt from a bungalow. Rather than produce a mirrored pair, the two homes were designed as a considered whole to look like part of an evolving streetscape.

    Costly renewals: Transforming an old landed house into your dream home is getting harder

    The RTS Link, which is expected to begin operations on Jan 1, 2027, could add a “new dimension” to spending patterns in JB towards the end of 2026.

    RTS Link unlikely to topple Singapore retail despite JB’s appeal: OCBC

    Kenneth Goi is a graduate of California State Polytechnic University, Pomona. He has a bachelor's degree in computer information systems.

    Popiah King Sam Goi’s son to be CEO of PSC Corp

    Visitors at the KL Tower. Industry observers say inbound trip cancellations have surged to approximately 5,000 in the past month.

    Malaysia tourism hit by fuel shock; tour prices may jump 50%

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More