Brief: China Fishery Group updates on chapter 11 proceedings
31/10/2016 08:54
Oct 31 (Reuters) - China Fishery Group Ltd CNFG.SI :
* Provide an update on chapter 11 proceedings announced by
company on 1 july 2016
* Board and current management of company remain in control
of business
* Court decided to appoint trustee to Cfg Peru Investments
Pte Ltd only, 1 of 17 entities which have filed for chapter 11
relief before ny court
* Board and current management will continue to ensure that
its operations in Peru and Namibia continue to operate as usual
* Trustee will be involved in process of further developing
a holistic restructuring plan around peruvian assets
* "Judge made it clear that appointment was not being made
in favour of a sale of Peruvian business"
Source text for Eikon: urn:newsml:reuters.com:*:nSNZVLHyF
Further company coverage: CNFG.SI
((Bangalore.newsroom@thomsonreuters.com;))
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