China Fishery liquidator appointment discontinued by Hong Kong court

By Caroline Salls

Pittsburgh, Jan. 5 – China Fishery Group Ltd. parent Pacific Andes International Holdings Ltd. said the appointment of provisional liquidators for China Fishery and indirect wholly owned subsidiary China Fisheries International Ltd. was discontinued by the High Court of the Hong Kong Special Administrative Region.

According to a Pacific Andes news release, the court also refused the petitioner’s applications for leave to appeal and the request for a stay of execution of the order.

The Hong Kong court will provide reasons for its decision at a later point, the release said.

Pacific Andes said trading in its shares will remain suspended until further notice.

China Fishery is a Hong Kong-based manager and operator of fishing vessels for coastal and deep-sea industrial fishing.

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