Those customers who had debt written off accounted for about 95 per cent of sales in the nine months ended Sept 30. The company said that it continues to trade with those customers because once trading ends, there will be no possibility of recovering the amounts owed. "The company will continue to chase the payment and there is hope that they will pay but much later," China Hongxing said. The SGX also sought an explanation for why trade payables increased when revenue decreased. China Hongxing replied that it had negotiated with several raw material suppliers for longer credit periods, and that settlement would be due by the end of 2017. China Hongxing shares are currently suspended from trading.