General Announcement::FINDINGS OF PRC LEGAL FIRM

Issuer & Securities

Issuer/ Manager
CHINA ENVIRONMENT LTD.
Securities
CHINA ENVIRONMENT LTD. - SG1Y42946521 - 5OU
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
21-Sep-2016 17:40:16
Status
New
Announcement Sub Title
FINDINGS OF PRC LEGAL FIRM
Announcement Reference
SG160921OTHR060E
Submitted By (Co./ Ind. Name)
Norman Winata
Designation
Executive Chairman
Effective Date and Time of the event
21/09/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of China Environment Ltd (the "Company") wishes to announce the findings of a PRC Legal firm appointed by the Company to investigate into the existence of trade receivables due from Anhui Shengyun Mechnical Co. Ltd and Nanning Youji Technology Co Ltd. The Company has previously announced on 12 August 2016 the impairment of these trade receivables in its Half Yearly Results Announcement.

The PRC Legal firm is of the opinion that the trade receivables due from Anhui Shengyun Mechnical Co. Ltd and Nanning Youji Technology Co Ltd are non-existent.

The Company is reviewing the above findings with a professional legal firm in Singapore

The Company will keep the shareholders informed on any further material developments

Attachments

CEL-PRC Legal Firm findings.pdf
Total size =20K