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China Fibre Tech
24-11-2018, 05:04 PM.
Post: #41
RE: China Fibre Tech
(30-03-2017, 08:58 PM)weijian Wrote: Ok, so a little work for the listing fees it gotten from China Fibretech, by SGX. It is interesting what offences under the "Chinese Penal Code" did Mr Wu violated? In the first place, can a complaint actually translate into any enforce-able action?

SGX files complaint with China authorities against Wu Xinhua, Executive Chairman and CEO of China Fibretech

Singapore Exchange (SGX) has filed complaints with authorities in China against Wu Xinhua(吴新华), Executive Chairman and CEO of SGX-listed China Fibretech Ltd (中国光纤有限公司). The complaint was made against Wu in relation to several alleged offences under the Chinese Penal Code. The complaint was filed through lawyers appointed in both Singapore and China who have been advising SGX on the matter since 2016. SGX has also concurrently referred the matter to the Singapore authorities.

It's been 1.5years since SGX filed a complaint. Mr Wu is probably the "Mr Wu" described by the special audit team and he still remains on the board as well. My guess is that this complaint is probably not enforce-able.

Raffles Infrastructure special audit hits snag with 'lack of cooperation' from Chinese unit

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