Provider: Wright Reports
Copeinca ASA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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China Fishery Group Ltd Updates on Subsidiary's Offer for Copeinca ASA
China Fishery Group Ltd (CFGL) announced in reference to the voluntary cash tender offer by CFGL's indirect subsidiary Grand Success Investment (Singapore) Private Limited for the shares of Copeinca ASA, that it has sent a letter to the board of directors of Copeinca urging the board of directors of Copeinca to refrain from using the Authorization for issuance of new shares in such a manner which may hinder or obstruct a successful completion of the Voluntary Cash Offer. The board of directors of Copeinca has issued negative statements on the Offer on several occasions. CFGL has received indications that Copeinca's board of directors is considering to issue new shares pursuant to an authorization granted at Copeinca's 2012 annual general meeting. The fact that the Authorization was registered in the Norwegian Register of Business Enterprises on March 15, 2013, and that several investors appear to have been approached for purposes of a possible share issue, supports these indications. CFGL has reasons to believe that the purpose of such a share issue would be to hinder or obstruct a successful completion of the Offer. Unless a satisfactory response is received from the board of directors of Copeinca, China Fishery will consider taking legal actions in order to seek to prevent Copeinca's board from utilizing the Authorization.
Latest Developments for Copeinca ASA
- China Fishery Group Ltd's Subsidiary Completes Mandatory Offer for Copeinca ASA
- Copeinca ASA Announces Preliminary Results of Mandatory Offer Made by China Fishery Group Limited's Subsidiary
- Copeinca ASA's Board Of Directors Recommends Shareholders to Accept Mandatory Offer Made by China Fishery Group Limited's Subsidiary
- China Fishery Group Ltd's Subsidiary Launches Mandatory Offer for Shares in Copeinca ASA
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