Sunvic

Sunvic: Auditor warns of existence of a material uncertainty which may cast significant doubt to the group’s ability to continue as a going concerns. The directors however believe that the going concern assumption is appropriate, noting that the group is expected to receive proceeds from the planned disposal of certain production facilities of one of its subsidiaries , Taixing Jurong Chemical , previously announced in Jan . The aggregate sales proceeds is RMB 3.9b, with the initial payment of RMB 1.45b expected to be received before 31 Dec 2014.