<tt id="6hsgl"><pre id="6hsgl"><pre id="6hsgl"></pre></pre></tt>
          <nav id="6hsgl"><th id="6hsgl"></th></nav>
          国产免费网站看v片元遮挡,一亚洲一区二区中文字幕,波多野结衣一区二区免费视频,天天色综网,久久综合给合久久狠狠狠,男人的天堂av一二三区,午夜福利看片在线观看,亚洲中文字幕在线无码一区二区

          Singapore-listed China Sky rebuts SGX reprimand

          Updated: 2011-12-22 16:34

          (Xinhua)

            Comments() Print Mail Large Medium  Small 分享按鈕 0

          SINGAPORE - Singapore-listed nylon fiber maker China Sky Chemical Fiber issued a more detailed response on Wednesday to rebut a reprimand from the Singapore Exchange (SGX), in a response rare for a Chinese company listed on an overseas bourse.

          The company and its directors "wish to express their total disagreement with the reprimand," the company said in a statement, referring to the reprimand issued by Singapore Exchange on December 16.

          "The reprimand was unwarranted, issued without any merit and clearly showed a total disregard of the interest of the shareholders and the circumstances leading to and surrounding our response" to a directive of the SGX, it said.

          Singapore Exchange issued the directive on November 16, ordering the company to appoint a special auditor to look into several transactions made by the company, including a repair and maintenance costs of 72 million yuan ($11.3 million) in the first quarter of 2009.

          The special auditor would also have to look into the circumstances surrounding the firm's purchase and subsequent return of a plot of land in China's Fujian province, as well as the interested person transactions that China Sky conducted with its independent director Lai Seng Kwoon.

          In April, the SGX asked China Sky to disclose the name of the interested person mentioned in its financial statement and with whom it had entered into transactions. China Sky named Lai Seng Kwoon, and said the transaction amounts it had initially reported were wrong.

          The deadline for the appointment of the special auditor was December 12.

          China Sky responded with several announcements in November by providing breakdowns and more information on the transactions in addition to clarifications, but failed to appoint a special auditor.

          In the statement issued on Wednesday, China Sky said it had asked for SGX to provide the basis of and the rationale for its directive ordering a special audit but SGX responded by saying that the company resisted its directive.

          The SGX has said that it "takes a serious view of the board's disregard of the directive," accusing the company of "not only fail(ing) to appoint the special auditor, but instead aggressively resist(ing) the directive."

          The company also said it was shocked at the directive, saying that it was not in the interest of the company's shareholders.

          A special audit would mean substantial costs for the company, distract the management of the company and disrupt the company's operations, it said.

          It has appointed a legal counsel to seek clarification on the basis and rationale of the directive, and on whether there has been any irregularities or fraud in the company. The failure of SGX to provide the rationale may "lead some shareholders to believe or suspect that fraud or accounting irregularity has arisen in relation to the company's financial position," it said.

          The SGX said in its reprimand that the company demanded for the contact between SGX and China Sky's senior management to be made through the company's solicitors.

          China Sky said a senior officer of SGX had made a phone call to China Sky Chief Executive Officer Huang Zhongxuan without the knowledge of the company's legal advisor to discuss the directive. The senior officer of SGX, who was Richard Teng according to the text of a correspondence published by the company on Wednesday, also allegedly threatened to punish the company for not obeying the directive but would not elaborate on the details of the punishment.

          It was established protocol that the correspondence should be made through its lawyers, it said.

          It also alleged Teng told Huang that he was surprised China Sky was not complying with the directive as other Chinese companies have done.

          It asked for Teng to clarify on who the other Chinese companies were in a correspondence published by the company.

          China Sky has previously responded in a brief statement to the reprimand of Singapore Exchange on Monday, saying that it was reviewing the reprimand and would respond in due course.

          The firm, which has its manufacturing operations mainly in the Chinese province of Fujian, is one of the industry leaders producing high-end nylon fibers used in sportswear and other consumer products.

          China Sky said the trading of its shares on the Singapore Exchange will resume on Thursday. Trading in the shares of the company has been suspended since November 17. It was trading at 0.102 Singapore dollar per share before the suspension.

          SGX has issued directives to over ten Chinese companies ordering special audits since 2008. Most have complied with the directive.

          主站蜘蛛池模板: 亚洲国产区男人本色vr| gay片免费网站| 日韩av一区二区精品不卡| 亚洲av片在线免费观看| 亚洲有无码中文网| 国产精品自在自线视频| WWW夜插内射视频网站| 国产精品无码a∨麻豆| 国产精品亚洲一区二区毛片| 一区二区三区四区国产综合| 亚洲av一本二本三本| 国产在线精品福利91香蕉| 中文字幕亚洲高清在线一区| 少妇和邻居做不戴套视频| 亚洲熟妇乱色一区二区三区| 福利一区二区不卡国产| 91香蕉视频在线| 久久亚洲精品11p| 欧美zozo另类人禽交| 91麻豆亚洲国产成人久久| 欧美激情视频二区三区| 亚洲一区二区三级av| 99久久久国产精品消防器材| 精品视频无码一区二区三区| 丝袜高潮流白浆潮喷在线播放| 亚洲清纯自偷自拍另类专区| 成人久久精品国产亚洲av| 少妇人妻偷人精品免费| 中文字幕在线日韩| 亚洲精品人成网线在线| 亚洲国产精品一区二区视频| 在线观看AV永久免费| 青青草综合在线观看视频| 丁香五月激情综合色婷婷| 日本理伦片午夜理伦片| 午夜福利片1000无码免费| 老师穿超短包臀裙办公室爆乳| 国产成人精品视频不卡| 久久天天躁狠狠躁夜夜avapp| 东方av四虎在线观看| 免费观看18禁黄网站|