China Sky owners approve accounts

SUSPENDED China Sky Chemical Fibre Co could see the clouds clear soon, after its shareholders passed resolutions to receive and adopt directors' reports and audited accounts for the past three financial years at its annual general meeting yesterday.

The maker of nylon products, whose counter has been suspended from trading since November 2011, released its financial statements for the past three years last month.

"We have done whatever is necessary," said independent director Er Kwong Wah. The company announced last year-end that it had submitted a trading resumption plan to Singapore Exchange (SGX).