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China Fishery Group Ltd (CNFG.SI)

CNFG.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

China Fishery Group updates on Chapter 11 proceedings
Friday, 12 May 2017 09:41am EDT 

May 12 (Reuters) - China Fishery Group Ltd ::Update On Chapter 11 proceedings, and operational and financial information.Company voluntarily filed on 3 may 2017 petitions under chapter 11 for fourteen additional indirect subsidiaries.Period during which company has exclusive right to file with NY court a plan of reorganization currently extends to 17 may 2017.Bank creditors have objected to exclusivity period being extended up to that date.There will be a hearing of a request to have exclusivity period extended until 31 December 2017.  Full Article

China Fishery updates on restructuring process
Friday, 5 May 2017 05:39am EDT 

May 5 (Reuters) - China Fishery Group Limited ::Update on restructuring process.As a result of a recent review, company voluntarily filed on 3 may 2017 petitions under chapter 11.Petitions under chapter 11 filed for additional indirect subsidiaries to ensure continuation of restructuring process.  Full Article

Pacific Andes Resources Development updates on progress of proceedings under chapter 11
Monday, 5 Dec 2016 09:42pm EST 

Pacific Andes Resources Development Ltd : Updates to holders of S$200mln 8.50% bonds due 2017 on progress of proceedings under chapter 11 currently before NY Court . NY Court is jointly administering co's chapter 11 filing in conjunction with other 16 debtor entities within group . NY Court approved an order providing steps be taken before 1 dec to satisfy claims of creditors who had initiated restructuring proceedings in Peru ."It is company's view that these developments are positive for prospects for long term recovery by bondholders".  Full Article

China Fishery updates on chapter 11 and 15 proceedings before US bankruptcy court
Wednesday, 10 Aug 2016 06:35am EDT 

China Fishery Group Ltd : Update on chapter 11 and 15 proceedings before the US bankruptcy court) . On 9 August 2016, the club lender banks filed a motion seeking the appointment of a chapter 11 trustee . Refers to chapter 11 and 15 proceedings announced by the company on 1 July 2016 . Indicated to banks that have filed trustee motion that co intends to contest the motion so as to preserve value for all stakeholders of the group . Strongly believes that any action to facilitate equivalent of a "fire sale" of peruvian fishmeal business would not be best interests of all creditors . If a trustee is appointed by the court, the trustee would assume management of the chapter 11 debtors . Company considers that appointment of trustee would have a detrimental effect on the business and prospects . Evidentiary hearing of the trustee motion is scheduled to begin on 29 August, 2016 .  Full Article

China Fishery says restructuring proceedings commenced in Peru
Friday, 1 Jul 2016 04:57am EDT 

China Fishery Group Ltd : Proceedings in Peru have been commenced in respect of the key peruvian subsidiaries . Peruvian subsidiaries also voluntarily filed petitions with the United States bankruptcy court under chapter 15 of the United States bankruptcy code . It, with certain non- peruvian subsidiaries filed voluntary petitions for relief under chapter 11 of the United States bankruptcy code . Petitions to obtain protection of U.S. bankruptcy court while a consensual restructuring of key peruvian subsidiaries is being pursued .  Full Article

China Fishery Group Limited files for chapter 11 bankruptcy protection
Thursday, 30 Jun 2016 04:05pm EDT 

: China Fishery Group Limited files for Chapter 11 bankruptcy protection in southern district of New York- court filing .China Fishery Group Limited lists assets in range of $500 mln-$1 bln; lists liabilities in range of $10 mln-$50 mln- court filing.  Full Article

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BRIEF-China Fishery Group updates on Chapter 11 proceedings

* Update On Chapter 11 proceedings, and operational and financial information