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Bank like to loan to listed companies.....no money....just ask shareholders for $$$..lol
stockpicker ( Date: 26-Nov-2015 20:39) Posted:
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don' t know why the banks nowadays are so stupid. Letting them money fully knowing that this company can' t pay. Only one word..greed for higher interest. Now what do you get when suing this company, get back a few ikan bilis..
Why this fish give no announcement in SGX website ?....they want to be like NOL wait till everybody know than announce ?....also no news on their lifting of halt trading....
moron101 ( Date: 26-Nov-2015 17:57) Posted:
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Provided there is chance for lifting the halt. Usually Sgx can't handle this type of case and just hang there for years.. Sgx still approved the rights issues not long ago for cfg to continue sucking poor investors' monies.. now the banks overruled everything...
HazardKoh ( Date: 26-Nov-2015 14:29) Posted:
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China Fishery Bonds Plunge as HSBC Seeks to Wind Up Company
China Fishery Group Ltd.&rsquo s bonds plunged after HSBC Holdings Plc, a lender to the company, said it asked the Hong Kong High Court to wind up the firm and appoint a liquidator.
Heard from my broker a bank in HK wants to wind up it in court leh...
HazardKoh ( Date: 26-Nov-2015 14:07) Posted:
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I think the wise thing to do would be to read the announcements/decisions made prior to the request to lift trading halt, and then from there on evaluate whether to sell or not. Granted things are not looking good right now, but to make the call of selling without knowing the full story is kinda asking you to walk around blindfolded?
To buy based on the noise generated without knowing anything is also the same.
Do your own homework before buying/selling
Cheers
HazardKoh ( Date: 26-Nov-2015 14:29) Posted:
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i think when it the halt is lifted, got to be quick hand quick feet and sell...
ergogear ( Date: 26-Nov-2015 14:20) Posted:
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Haiz. Guess I was wrong. Oh well....
Was certainly not expecting this
HazardKoh ( Date: 26-Nov-2015 14:07) Posted:
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err... i think the news is not good news leh
ergogear ( Date: 23-Nov-2015 13:41) Posted:
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HSBC slaughtered the fish
Dead fish
Zindarion ( Date: 26-Nov-2015 11:37) Posted:
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Bonds issued by China Fishery Group Ltd. plunged 34 percent on Thursday after HSBC Holdings Plc said it asked the Hong Kong High Court to wind up the company and appoint a liquidator.
?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.,? HSBC spokesman Adam Harper said by e-mail Thursday.
Geoff Walsh, a Hong Kong-based spokesman for Singapore-listed China Fishery Group, declined to comment.
The company?s 2019 bonds were bid at 33 cents on the dollar, according to prices from SC Lowy Financial (HK) Ltd.
In August, China Fishery Group and its parent Pacific Andes International Holdings Ltd. said they had received notices from the Monetary Authority of Singapore and the Commercial Affairs Department stating they were being investigated for an offence under the Securities and Futures Act. On Nov. 10, Moody?s Investors Service downgraded the company to Caa2, its third lowest score, saying the company didn?t have enough cash to cover operating and debt expenses over the next 12 months.
?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.,? HSBC spokesman Adam Harper said by e-mail Thursday.
Geoff Walsh, a Hong Kong-based spokesman for Singapore-listed China Fishery Group, declined to comment.
The company?s 2019 bonds were bid at 33 cents on the dollar, according to prices from SC Lowy Financial (HK) Ltd.
In August, China Fishery Group and its parent Pacific Andes International Holdings Ltd. said they had received notices from the Monetary Authority of Singapore and the Commercial Affairs Department stating they were being investigated for an offence under the Securities and Futures Act. On Nov. 10, Moody?s Investors Service downgraded the company to Caa2, its third lowest score, saying the company didn?t have enough cash to cover operating and debt expenses over the next 12 months.
moron101 ( Date: 26-Nov-2015 10:04) Posted:
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Why halt? Take over by bank?
Just sharing my view. Currently holding on to some of CFG.
I believe that there' s potential for this stock to rally upwards, this coming week should be quite interesting.
Hope im not wrong.
Good news for China Fish as Peru gives nod to 2nd anchovy season.
http://www.undercurrentnews.com/2015/11/04/peru-second-anchovy-season-2015/
Where are BBS? Come on, burn all naked shorties!
Dumping continue..?
appleronaldo ( Date: 02-Nov-2015 21:28) Posted:
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a lot dumping going-on
Actually just less shorties, mainly contras or weak holders are dropping prices down. BBs suck money from them.
Winnerdrama ( Date: 22-Oct-2015 19:14) Posted:
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