Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Singapore Stock Exchange. (Photo: Terence Ong/FIS)

Stock Exchange grills China Fishery over higher share prices

Click on the flag for more information about Singapore SINGAPORE
Wednesday, January 30, 2013, 02:20 (GMT + 9)

The Board of Directors of China Fishery Group Limited answered questions from the Singapore Stock Exchange (SGX-ST) this week referring to the considerable increase in the price of shares that China Fishery traded on 28 January 2013. The firm elaborated on its relationship with Russian Sea Catching LLC (RSC) and their possible future cooperation.

The Stock Exchange asked China Fishery about whether it knew of any information concerning it, its subsidiaries or associated companies that had not been previously announced, and which might explain the trading. China Fishery assured that it is not aware of any such information.

As far as whether it knows of any other possible explanation for the trading, China Fishery explained that it held its annual general meeting (AGM) on 28 January 2013, at which point the Chairman of the meeting, Ng Joo Siang, spoke of two matters which may not have been announced to the market through SGXNET. 

One matter was that China Fishery, together with Pacific Andes Resources Development Limited and Pacific Andes International Holdings Limited, announced in early December that China Fishery was holding talks with Russian Federation-based Russian Sea Catching LLC (RSC) to explore opportunities for possible future cooperation between the two firms. At the AGM, it was unveiled that China Fishery will probably not invest in more than a minority stake and may consider investing if, among other factors, the future cooperation would enlarge the benefits that China Fishery already enjoys in Russia; it was also disclosed that negotiations are still ongoing and an announcement will be made if the two parties reach an agreement.  

The other matter was that one of Russia's pollock fisheries has reached its 15-day public consultation stage and, if there are no objections, the fishery will receive Marine Stewardship Council (MSC) certification.

Related articles:

- Pacific Andes denies Russian media allegations
- Govt forces Pacific Andes to sell Russian 

By Natalia Real
editorial@fis.com
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Namibia
Mar 6, 03:40 (GMT + 9):
Spanish foundation works to strengthen rural aquaculture
United States
Mar 6, 03:00 (GMT + 9):
Herring biomass increase forecast in Togiak
Norway
Mar 6, 02:30 (GMT + 9):
Salmon exports increase 2 per cent in February
New Zealand
Mar 6, 01:30 (GMT + 9):
A huge step to boost New Zealand's fishing fleet
Peru
Mar 6, 00:40 (GMT + 9):
Anchovy fishing season could start in late March
United States
Mar 5, 23:40 (GMT + 9):
Crackdown on shrimp imports contaminated with banned antibiotics
Chile
Mar 5, 23:10 (GMT + 9):
Over 9 million fish moved after Villarrica volcano eruption
Canada
Mar 5, 22:30 (GMT + 9):
Newfoundland shrimp sector mobilizes provincial support
Chile
Mar 5, 21:50 (GMT + 9):
AquaChile and Cermaq leading salmon exports
Thailand
Mar 5, 21:30 (GMT + 9):
IN BRIEF - Combating Illegal Pirate Fishing and Modern-Day Slavery in Thailand
Australia
Mar 5, 04:50 (GMT + 9):
Accusations voiced against Tasmanian salmon farmers
Costa Rica
Mar 5, 03:10 (GMT + 9):
Authorisation to export shark fins cancelled
Armenia
Mar 5, 02:40 (GMT + 9):
IN BRIEF - State agency: 26 Armenian companies have permission for exporting fish to Russia
India
Mar 5, 02:40 (GMT + 9):
IN BRIEF - Income tax raids on fish exporters in Veraval
Singapore
Mar 5, 02:40 (GMT + 9):
IN BRIEF - Fish farms may move from Changi after mass deaths



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Scotland's marine reserve benefits fisheries and conservation
United Kingdom The first and only fully protected marine reserve in Scotland is continuing to provide benefits for fisheries and conservation, according to new research by the University of York.
Accusations voiced against Tasmanian salmon farmers
Australia There have been claims at the Parliament of Tasmania that Macquarie Harbour may not be healthy enough for salmon farming. This waterway is home to large-scale fish farms owned by salmon producers Tas...
Criticism and fear generate Turkey’s bluefin tuna plan
Worldwide Turkey’s intention to catch up to 73 per cent more bluefin tuna than under an internationally agreed plan has stirred complaints among the European Union, Japan and other nations hunting for the resource.
Walmart deepens its sustainability plan with a new shopping portal
United States In order to help customers make better decisions when purchasing products, Walmart has launched an online shopping portal that details the ones produced in an environmentally and socially responsible way.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Pescanova, S.A. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Limited
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel ehf - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
Food Project (Siam) Co., Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Grupo Calvo - Luis Calvo Sanz, S.A. (Group Headquarter)
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. -Headquarter-
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  -Holding Headquarter-
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
Ocean Trawlers Group - Ocean Trawlers HK Ltd.
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2015 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER