Brief: Pacific Andes Resources Development updates on restructuring process
10/08/2016 11:38
Aug 10 (Reuters) - Pacific Andes Resources Development Ltd PACF.SI : * Update on restructuring process) PACF.SI * Successfully obtained an extension of the order granted on 1 July 2016 by the high court of Singapore * Extension for a stay of all actions and legal proceedings against the company * Bank of America, n.a., has made an application and obtained an order from the court on 8 August 2016 " * Order obtained by Bank of America to exclude certain subsidiaries of the company, from the scope of the s210(10) order * Says announcement has been made by China Fishery Group in relation to update on chapters 11 and 15 proceedings before US bankruptcy court * Source text for Eikon ID:nSNZ4QNBTL * ((Further company coverage: PACF.SI )) ((Bangalore.newsroom@thomsonreuters.com))
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