Empresa Asiatica compra Pesquera Peruana Mistral

Singapore-listed China Fishery to acquire Peruvian fishing co for 11.7 mln usd
07 Jul 2008
Xinhua Newsfeed

SHANGHAI (XFN-ASIA) - Singapore-listed China Fishery Group Ltd said it will pay 11.7 mln usd to buy Peruvian fishing company Pesquera Mistral SAC. The company, which is a subsidiary of Singapore-listed Pacific Andes Holdings Ltd, said in a statement that the acquisition will add three fishing vessels to its Peru fleet, giving it 37 vessels.China Fishery said it plans to finance the acquisition through internal resources and bank loans. Shares of China Fishery closed down 0.020 sgd or 1.2 pct at 1.630 sgd. (1 usd = 1.36 sgd)
shburo@xfn.com