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
[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Australia
Dec 7, 02:00 (GMT + 9):
IN BRIEF - Farmer desperately tries to save native fish from deadly blackwater event in southern Murray-Darling system
New Zealand
Dec 7, 02:00 (GMT + 9):
IN BRIEF - New plan to restrict fishing in Hauraki Gulf unveiled
Japan
Dec 7, 02:00 (GMT + 9):
IN BRIEF - Radiation in fish off Fukushima tests below detectable level
United States
Dec 7, 02:00 (GMT + 9):
IN BRIEF - Fishing ban in international Arctic waters remains elusive
Spain
Dec 7, 02:00 (GMT + 9):
IN BRIEF - Spanish and Moroccan police seize 2,600 kg of cocaine on fishing boat
Norway
Dec 7, 02:00 (GMT + 9):
IN BRIEF - Sustainability performance Q3 on 10 indicators in three regions
Sri Lanka
Dec 7, 02:00 (GMT + 9):
IN BRIEF - Sri Lanka's per capita fish consumption rises due to bountiful harvest
New Zealand
Dec 7, 02:00 (GMT + 9):
IN BRIEF - NZDF's southern ocean fisheries patrols off to a flying start
New Zealand
Dec 7, 02:00 (GMT + 9):
IN BRIEF - Fishery officers uncover hundreds of illegally taken paua
Fiji
Dec 7, 01:50 (GMT + 9):
American purse seiners can continue fishing in Pacific grounds
Spain
Dec 7, 01:40 (GMT + 9):
EU-Norway fisheries agreement benefits Spanish cod fleet
Erithrea
Dec 7, 01:10 (GMT + 9):
International entity grants USD 15 million to encourage fisheries
European Union
Dec 7, 01:00 (GMT + 9):
MEPs support further control of fleet operating outside the EU
United Kingdom
Dec 7, 00:20 (GMT + 9):
Scientists intend to design artificial salmon gut
Australia
Dec 7, 00:00 (GMT + 9):
IN BRIEF - Volatility Watch on Shares of Huon Aquaculture Group Limited



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Pingtan adds two new jiggers to its fleet
China Global fishing company Pingtan Marine Enterprise Ltd. has completed construction on its two squid jigging vessels, which are ready to depart for their fishing designation.
Cadiz Port Authority grants sole farming centre permit
Spain The Port Authority of the Bay of Cadiz has granted the firm Epic Aqua Solea Acuicultura SL an administrative permission for the construction of the first phase of an intensive sole farming centre in El Puerto de Santa Maria.
Maersk Line strengthens growth strategy through Hamburg line acquisition
Denmark Maersk Line is to acquire German container shipping line Hamburg Süd after reaching an agreement with Oetker Group in an attempt to develop its growth strategy and increase transport volumes.
USD 36 million seafood smuggling operation discovered
China A case involving 3,000 tons of smuggled frozen seafood worth USD 36 million was discovered and several suspects are being prosecuted, as it was reported by the customs authority.
 
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+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Nueva Pescanova, S.L. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
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 - 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-
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 - 2016 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER