Avic tells SGX internal controls are effective

Avic International Maritime Holdings on Monday responded to a Singapore Exchange (SGX) query saying that its internal controls are effective.

In a regulatory filing, it said its board has received assurance from its chief executive and chief financial officer that the financial records have been properly maintained and the financial statements give a true and fair view of the company's operations and finances. It also confirmed that the company's risk management and internal control systems in place are effective.

The SGX query from April 23 was in relation to the company's annual report for the financial year ended December 31, 2014.