| Latest Forum Topics / China Fishery Last:0.076 -- |
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China Fishery - Low PE
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speed88
Member |
06-Sep-2017 20:59
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Bond recovered back to 100% today.   wow | ||||
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beginners
Veteran |
31-Aug-2017 22:20
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This salted fish still got hope ?
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speed88
Member |
30-Aug-2017 19:59
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https://www.bondsupermart.com/main/bond-info/bond-factsheet/USP25239AB34 | ||||
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speed88
Member |
30-Aug-2017 19:53
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Wow, Chinery Fishery bond is back to almost 100%.   Bo tai ji liao?? https://www.bondsupermart.com/main/bond-info/bond-factsheet/USP25239AB34 |
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Observers
Elite |
30-Aug-2017 19:35
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Bank fights court-ordered release of China Fishery documentshttps://www.undercurrentnews.com/2017/08/24/bank-fights-court-ordered-release-of-china-fishery-documents/  UK-based lender HSBC Bank is appealing a New York judge' s order allowing the trustee of China Fishery Group to subpoena documents related to the bank' s conduct prior to the group' s 2016 bankruptcy filing. William Brandt, the trustee overseeing China Fishery, the Peruvian fishmeal and fish oil arm of Hong Kong-based Pacific Andes International Holdings (PAIH), had sought to invoke a provision in US bankruptcy law known as Rule 2004 to subpoena records and compel testimony from HSBC. The trustee wants to investigate actions that the bank, which had lent over $200 million to PAIH and subsidiaries, took as part of debt recovery efforts it took beginning in 2014.  Wow, what if China Fishery proved HSBC tried to pull a fast one? Can sue them for losses?   While the liquidators were eventually withdrawn, their appointment caused " irreparable damage" to China Fishery' s ability to obtain financing in Peru needed to maximize revenue from those operations, Ng claimed. And in pollock processing -- Pacific Andes owns the largest whitefish re-processing factory in China, the Hongdao complex in Qingdao, while also using  contract factories -- the liquidators&rsquo appointment  allegedly led some lenders to cut credit  which was used to buy raw materials, which had an &ldquo adverse impact&rdquo on that business, the company said. And now even Pac Andes also dragged into the saga. |
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Observers
Elite |
29-Aug-2017 18:23
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I suppose after a year, all brokerage trading positions, shorts and longs have already been squared.
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Observers
Elite |
28-Aug-2017 21:25
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Anyone still holding shorts in this counter? | ||||
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Observers
Elite |
28-Aug-2017 11:19
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Looks like ahead of schedule, only slightly more than one year. https://www.undercurrentnews.com/2017/08/25/china-fishery-earnings-will-nearly-triple-in-2017-says-sale-teaser/   China Fishery earnings will nearly triple in 2017, says sale teaserAccording to Brandt, " approximately 65" parties, some of who participated in the aborted 2016 sale process of China Fishery, have expressed interested in the sale and " several" have signed confidentiality agreements allowing them access to a data room with due diligence information.   
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johnnywalker
Senior |
15-Feb-2017 11:45
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Why still no material update? But the bond prices at all time high. What does it signify? | ||||
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Observers
Elite |
09-Jul-2016 19:41
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" How long will this all take? Maybe two years or more, Mirick said."   I wonder how many will have the patience. Then again, no patience also like that. See you guys in 2 years time. |
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Leongsan
Senior |
09-Jul-2016 11:53
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Dirty linens aired undercurrent. How to view court filings?    
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ysh2006
Supreme |
03-Jul-2016 08:42
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This case is it similar to Link Energy?
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Qanghoo
Supreme |
02-Jul-2016 20:49
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Actually, I still think there' s some hope, not too much perhaps, but still there' s hope.  If we look at the filings under Cap 11, we' d see many, including global household American names, having  emerged perhaps even stronger.  Recall in the aftermath of the 2009 GFC even coys like GM went through Cap 11?  N if we look at CFG' s filing on SGX on 1 Jul 16,  no matter how circumspect I am, I think it deserves a little benefit of the doubt.  On the other hand, I tend to have greater reservation on the article that one of our brother forumers has highlighted below which has suggested that shareholders wld very likely end up with nothing -  but this point seems  to me not well  supported.  My sense is that with CFG' s valuable anchovy quota n viable fishmeal ops in Peru, there seems reasonable chance of rejuvenating the coy.  So, while we shd be prepared for the worst case scenario, there' s possibly some hope left.  Cheer up brothers n sisters.  |
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enjoylife77
Veteran |
02-Jul-2016 19:09
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Total wipe out for China and Pacific shareholder. |
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enjoylife77
Veteran |
02-Jul-2016 19:02
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Lepin888
Veteran |
02-Jul-2016 16:08
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Reminded me of oceanus...another Ng | ||||
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beginners
Veteran |
02-Jul-2016 11:54
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Haha! Lol! 👍 🏻
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Qanghoo
Supreme |
01-Jul-2016 21:23
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Sorry, typo.  Not NSJ, but NJS. 
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Qanghoo
Supreme |
01-Jul-2016 21:18
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Not sporean lah, people up north lah.  Impression I was given is lots of chng kays from same place one.  Some research hses from there u read the  rpts also shake ur head one.  But from what I understand NSJ was educated in spore. 
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Qanghoo
Supreme |
01-Jul-2016 20:04
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On what basis does SGX approve the RI then?
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