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News - Detailed News Story

Asia Fashion^

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What's next for Asia Fashion?

05 Dec 2018 09:00

By Tay Peck Gek

ASIA Fashion's current woes are the latest in its uneven history.

The company listed a decade ago as Qian Feng Fabric Tech.

At that time, it was engaged in production, dyeing and post-processing treatment of synthetic knitted fabrics, with its customers purported to be well-known international brands in garment and shoes production.

The company, which changed its name to Asia Fashion in May 2011, was hit in 2013 by 517 million yuan worth of claims from dissatisfied customers. Some 300 million yuan was paid but an independent director resigned because of "differing views with the management as to the handling of matters relating to and resulting from legal claims from customers".


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Source: Business Times
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