General Announcement::FINDINGS OF PRC LEGAL FIRM
Issuer & Securities
CHINA ENVIRONMENT LTD.
CHINA ENVIRONMENT LTD. - SG1Y42946521 - 5OU
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Announcement Sub Title
FINDINGS OF PRC LEGAL FIRM
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Effective Date and Time of the event
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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
Total size =20K