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China Fibretech

In print this week

Raffles Infrastructure finds it hard to shake off S-chip stigma

SINGAPORE (July 19): Despite its best efforts, Raffles Infrastructure Holding, the company formerly known as China Fibretech, has found it hard to shake off its stigma of being an S-chip once plagued by corporate governance issues.

Company in the news

Raffles Infrastructure's special audit report at final stage; Chinese SOE is controlling shareholder

Infrastructure projects Of the net placement proceeds of $29.9 million, Raffles Infrastructure plans to invest $22 million in a build-operate-transfer rural road project awarded by the Yibin Municipal People’s Government. The company will co-inv

Results

Raffles Infrastructure, the former China Fibretech, reverses out of the red in 2Q

SINGAPORE (Feb 14): Raffles Infrastructure, formerly known as China Fibretech, reported 2Q earnings of RMB24.5 million ($5 million) compared to a net loss of RMB974,000 a year ago.

Contracts

Raffles Infrastructure to build tourist railway in China for $1.2 bil

SINGAPORE (Oct 22): Raffles Infrastructure Holdings, the company formerly known as China Fibretech, is building a 70km tourist railway with a contract value of RMB6 billion ($1.2 billion).

Management & Corporate Governance

China Fibretech says SGX has no objections with trading resumption proposals

SINGAPORE (May 7): China Fibretech, whose shares have been suspended from trading for financial irregularities for more than two and a half years, may resume trading soon with a new business and under a new name.

China Fibretech shuts down knitting and dyeing plant for pollution

SINGAPORE (April 4): China Fibretech, whose shares have been suspended since Nov 2015 for corporate mismanagement, is looking no closer to a return to trading.

Stocks To Watch

Frasers Centrepoint, Sunpower, China Fibretech, CWG, Vibrant, Figtree

SINGAPORE (March 31): Here are some stocks that could move the market this Friday morning.

Singapore Exchange files complaint with China authorities against China Fibretech’s CEO

SINGAPORE (March 30): Singapore Exchange (SGX) has filed a complaint with authorities in China against the executive chairman and CEO of China Fibretech, Wu Xinhua.

China Fibretech suspends trading after unit received damage claims from three customers

SINGAPORE (Nov 30): China Fibretech has suspended the trading of its shares after subsidiary Shishi Simwa Knitting & Dyeing Co. received damage claims from three customers last week.
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