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Analysis

China Fishery to issue more shares despite Carlyle dissent, ‘angry’ shareholders

Shares hit their lowest level ever as Pacific Andes fishing arm decides to go ahead with yet another rights issue, in order to redeem Copeinca bonds

By Eva Tallaksen | Feb. 11, 2015 10:18 GMT
Carlyle shareholding in China Fishery diluted
Lafayette, now known as Damanzaihao, is China Fishery Group's flagship processing vessel.
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Shares of China Fishery Group hit their lowest level ever on Wednesday as the Singapore-listed company unveiled plans to raise SGD 199 million-SGD 295.8m ($159m-$237m) by issuing new shares. [...]

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