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Sunningdale challenged by rising Chinese labor costs
SINGAPORE (March 2, 1:15 p.m. ET) — Sunningdale Tech Ltd. recorded a net loss of S$11.42m (US$9.13 million) last year, citing challenges of managing production costs while bearing price pressure from customers. Overall 2011 was a challenging year with tremendous pressure on margins from price pressure from customers and rising labor costs in China.