January 21, 2022

Pacific Andes needs more time to file 2015 results as forensic review drags on

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From Undercurrent News Financially troubled Pacific Andes International Holding (PAIH) has once again asked Hong Kong securities regulators for more time to file its 2015 annual report as a forensic review of the company hasn’t finished yet. The company’s 2015 fiscal year ended on Sept. 28 last year but a previous liquidation proceeding, which has […]

Pacific Andes to continue pollock processing after Chinese New Year

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By Tom Seaman From Undercurrent News Pacific Andes International Holdings (PAIH) will continue processing whitefish after Chinese New Year, the company confirmed to Undercurrent News. Given the tough financial situation the company is in, there have been some in the whitefish sector — where Pacific Andes has been such a big player for so long […]

Cayman Islands Provisional Liquidators to be terminated

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Hong Kong, 25 January 2016: Pacific Andes International Holdings Limited (PAIH) announced today that its subsidiaries, China Fishery Group Limited (CFGL) and China Fishery International Limited (CFIL) have entered into a deed of undertaking with The Hong Kong and Shanghai Banking Corporation Limited (HSBC) and other bank lenders which provides for the removal and termination […]

Pacific Andes fails to dismiss KPMG in Cayman Islands hearing

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From Undercurrent News The joint provisional liquidators (JPLs) from KPMG will continue in place at China Fishery Group in the Cayman Islands, after a hearing took place on Jan. 8. Pacific Andes International Holdings (PAIH) was successful in having the the JPLs discontinued in a hearing in Hong Kong, arguing a better value for the […]

Court removes KPMG as provisional liquidators for Pacific Andes – next hearing Cayman Islands

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By Tom Searman Undercurrentnews Hong Kong’s High Court has removed KPMG as provisional liquidators of Pacific Andes International Holdings subsidiary China Fishery Group, sources told Undercurrent News. This removal of KPMG, who were appointed after a filing from lender HSBC, means management will be able to proceed with the planned sale of the company’s assets in […]

HSBC files for China Fishery winding up in Cayman Islands

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From Undercurrent News China Fishery Group revealed on Monday that lender HSBC has also filed for a winding up order and the appointment of a provisional liquidator in the Cayman Islands, in addition to Hong Kong. In a stock exchange release, the Pacific Andes International Holdings (PAIH)-owned company announced that HSBC filed the order in […]