Representatives from China Sky Chemical Fibre Co Ltd (“China Sky”) and the Securities Investors Association (Singapore) (“SIAS”) met with SGX on 14 August 2012 to present proposals for China Sky to comply with the SGX listing requirements, including the appointment of a special auditor. We note the media statement which is issued today by SIAS.
“We appreciate the proactive efforts made by Mr David Gerald of SIAS. We look forward to China Sky taking all necessary measures to comply fully with listing rules, complete the special audit and institute proper governance to safeguard shareholders’ interests,” said Mr Richard Teng, Deputy Chief Regulatory Officer, Singapore Exchange.