Company Briefs: China Fibretech

China Fibretech

China Fibretech received further notices from three customers on Monday for an alleged cost and total compensation amount of 466 million yuan (S$94 million).

The claimants requested that it settle the claims by July 31. The management said it will engage a law firm to establish the facts. Trading of the firm's shares remains suspended.

Trek 2000 Int'l

Trek 2000 International posted a net loss of US$6.7 million (S$9 million) for the full year ended 2015, down from a net profit of US$1.1 million last year. This resulted in a full-year loss per share of 2.18 US cents, down from earnings per share of 0.39 cents last year.

Revenue in the 12 months to Dec 31 was US$149 million, up 34.5 per cent from the same period a year ago, driven by sales from its interactive consumer solutions business, but the cost of goods sold leapt 46.6 per cent to US$145 million. Trek 2000 also said an independent inquiry is examining certain interested party transactions, and the impact on its unaudited financial results is uncertain. Trading of the company's shares remains suspended.

Keppel T&T

Keppel Telecommunications & Transportation unit Keppel Data Centres has partnered Quann, a Certis Cisco unit, for end-to-end security services. From next month, Keppel Data Centre customers can gain from a range of security solutions provided by Quann that cover consultancy, network protection and monitoring, and incident response.

A version of this article appeared in the print edition of The Straits Times on July 20, 2016, with the headline 'Company Briefs'. Print Edition | Subscribe