SIAS calls for probe into alleged mismanagement in 3 S-Chips

Singapore

THE Securities Investors' Association (Singapore), a local investors' lobby group, on Thursday called on the authorities in Singapore and China to investigate what it alleges are instances of financial mismanagement at three S-Chips, namely China Fibretech, China Environment and China Sky Chemical Fibre.

All three have been suspended from trading.

The association, also known as SIAS, said it hopes the authorities will "help settle the issues facing these companies so that auditors can complete the audits, thereby allowing the companies to request trading of th…