Further, it has committed to new investments of S$45 million over the next four years to develop projects and initiatives to support environmental protection in China, with a substantial portion of this being earmarked for upgrading of the facilities for the wastewater treatment business in Jiangsu.
The outcome of the case had not been disclosed right after the Chinese court dismissed NSS' appeal last October, and this has sparked criticism from some corporate governance watchers and a regulator's article on timely and adequate disclosures of significant litigation. The conglomerate said it was in"many months of difficult and sensitive negotiations with the provincial prosecutors" over the civil claim.
Source: News Formal (newsformal.com)
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