China Fibretech remains suspended, to engage lawyers to handle claims
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Angela Tan
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Singapore
CHINA Fibretech, whose shares remain suspended from trading since Nov 30, 2015, said on Friday it will engage a law firm to handle the 466 million yuan (S$94.6 million) damage claims made by its customers.
The S-chip was replying to queries by Singapore Exchange (SGX) over the discrepancies between the 64.3 million yuan revenue generated in FY2015 and claims amounting to 466 million yuan.
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