KPMG’s Edward Middleton, Fergal Power and Kris Beighton have been appointed by the High Court of Hong Kong as Joint and Several Provisional Liquidators of China Fishery Group Limited (the “Company”, SGX: B0Z.SI) and China Fisheries International Limited (a wholly owned indirect subsidiary of the Company incorporated in Samoa) in Hong Kong with effect from 25 November 2015.
The Company, listed on the Singapore Stock Exchange, together with its subsidiaries, engages in the sourcing, harvesting, processing and delivery of fish globally.
Fergal Power, a partner at KPMG China and one of the Joint Provisional Liquidators, says: “Our role as provisional liquidators is to seek to preserve and protect the Company’s assets. It is our intention that the Group’s major operations will continue as normal while we continue to assess options.”
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About China Fishery Group Limited
Listed on the Mainboard of Singapore Stock Exchange since 2006, China Fishery is a global integrated industrial fishing company with access to fish in some of the world’s most important fishing grounds, including the Anchovy fishery in Peru. Employing the latest catch and processing solutions, China Fishery sources, harvests, onboard-processes and delivers high quality catch to consumers around the world.
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 155 countries and have more than 162,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
Today, KPMG China has around 10,000 professionals working in 17 offices: Beijing, Beijing Zhongguancun, Chengdu, Chongqing, Foshan, Fuzhou, Guangzhou, Hangzhou, Nanjing, Qingdao, Shanghai, Shenyang, Shenzhen, Tianjin, Xiamen, Hong Kong SAR and Macau SAR.
KPMG China refers to the member firms of KPMG International in mainland China, Hong Kong SAR and Macau SAR.