China Fishery    Last:0.076   -

China Fishery - Low PE

Bond recovered back to 100% today.   wow

 

This salted fish still got hope ?

Observers      ( Date: 28-Aug-2017 11:19) Posted: 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 teaser According 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.     Observers      ( Date: 09-Jul-2016 19:41) Posted: " 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.

 

https://www.bondsupermart.com/main/bond-info/bond-factsheet/USP25239AB34

 

Wow, Chinery Fishery bond is back to almost 100%.   Bo tai ji liao??

https://www.bondsupermart.com/main/bond-info/bond-factsheet/USP25239AB34

 

Bank fights court-ordered release of China Fishery documents

https://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While the liquidators were eventually withdrawn, their appointment caused " irreparable damage" to China Fishery' s ability to obtain financing in Peru needed to maximize revenue from those operations, Ng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.

 

I suppose after a year, all brokerage trading positions, shorts and longs have already been squared.

Observers      ( Date: 28-Aug-2017 21:25) Posted: Anyone still holding shorts in this counter?

 

Anyone still holding shorts in this counter?

 

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 teaser

According 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.  

 

Observers      ( Date: 09-Jul-2016 19:41) Posted: " 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.

 

Why still no material update? But the bond prices at all time high. What does it signify?

 

" 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.

 

Dirty linens aired undercurrent. How to view court filings?

 

 

ysh2006      ( Date: 03-Jul-2016 08:42) Posted: This case is it similar to Link Energy? Qanghoo      ( Date: 02-Jul-2016 20:49) Posted: 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.

 

This case is it similar to Link Energy?

Qanghoo      ( Date: 02-Jul-2016 20:49) Posted: 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.

 

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. 

 

Total wipe out for China and Pacific shareholder.

 

Macqueen      ( Date: 01-Jul-2016 21:04) Posted: Correct me if I am wrong China fishery is not from China. Own by singaporean. enjoylife77      ( Date: 01-Jul-2016 20:58) Posted: Because the retail investor will never learn.

 

Reminded me of oceanus...another Ng

 

Haha! Lol! 👍 🏻

Qanghoo      ( Date: 01-Jul-2016 19:39) Posted: Be Good in No Good ends up in Cheap F***ing Group. beginners      ( Date: 01-Jul-2016 19:03) Posted: BG=be good. So if you Sum up is Be Good in No Good! Lol

 

Sorry, typo.  Not NSJ, but NJS. 

Qanghoo      ( Date: 01-Jul-2016 21:18) Posted: 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.  Macqueen      ( Date: 01-Jul-2016 21:04) Posted: Correct me if I am wrong China fishery is not from China. Own by singaporean

 

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. 

Macqueen      ( Date: 01-Jul-2016 21:04) Posted: Correct me if I am wrong China fishery is not from China. Own by singaporean. enjoylife77      ( Date: 01-Jul-2016 20:58) Posted: Because the retail investor will never learn.

 

On what basis does SGX approve the RI then?

Lepin888      ( Date: 01-Jul-2016 19:33) Posted: Blame management directors auditors both internal and external and lastly investment banks that managed their last rights issue. Cant blame sgx... Am sure management deliberately misrepresented or even deceived...