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Foreland Fabrictech lodges CAD complaint against former exec chairman

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Published Wed, Dec 7, 2016 · 09:50 PM

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Singapore

CHINESE textile maker Foreland Fabrictech Holdings has followed up on a recent public reprimand from the Singapore Exchange (SGX) with its own action; it has lodged a complaint with Singapore's white-collar-crime police against its former executive chairman.

SGX had, on Nov 11, formally rebuked the company for failing to promptly announce a significant claim and putting in place robust internal controls to address financial, operational and compliance risks.

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