CHINA: Garment Maker Hubei Xingfu’s Shares Suspended
Financial watchdogs in Shanghai have suspended domestic A shares in Chinese garment maker Hubei Xingfu Industry Co after the company posted its third full-year loss in a row. Authorities have told the company, which has been hit hard by sliding sales amid fierce competition, it has six months to revive its fortunes or it will be struck off the Shanghai stock exchange