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 (中国纤科集团有限公司).

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.