Lender HSBC asks court to wind up China Fishery Group

China Fishery

26/11/2015 05:17

SINGAPORE, Nov 26 (Reuters) - HSBC Holdings, a lender to 
China Fishery Group Ltd  CNFG.SI , said it has filed an 
application with the Hong Kong High Court to appoint provisional 
liquidators and petitioned for its winding up. 
    "HSBC filed an application to the High Court of the Hong 
Kong Special Administrative Region to appoint provisional 
liquidators to two companies with operations in Hong Kong: China 
Fishery Group Ltd and China Fisheries International Ltd," a 
spokesman for the bank said in an emailed response.  
    "The bank has also petitioned for the winding up of these 
two companies," it added. 
    China Fishery and its parent, Pacific Andes Resources 
Development  PACF.SI  are facing a probe by the Monetary 
Authority of Singapore and inspectors from the Commercial 
Affairs Department for an offence under the securities and 
futures act. 
    Their parent Pacific Andes International Holdings  1174.HK  
is facing an investigation by the Hong Kong securities 
regulator. 
    Trading in shares of three companies were halted on 
Thursday. 
    Shares of China Fishery have fallen 72 percent so far this 
year.            
 
 (Reporting By Aradhana Aravindan and Saeed Azhar; Editing by 
Simon Cameron-Moore) 
 ((aradhana.aravindan@thomsonreuters.com; +65 6403 5659; Reuters 
Messaging: aradhana.aravindan.thomsonreuters.com@reuters.net)) 
 
Keywords: CHINA FISHERY LENDER/