Advertisement
Singapore markets closed
  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     
  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     
  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     
  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     
  • Bitcoin USD

    60,888.80
    -1,908.48 (-3.04%)
     
  • CMC Crypto 200

    1,262.02
    -95.99 (-7.07%)
     
  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     
  • Dow

    39,512.84
    +125.08 (+0.32%)
     
  • Nasdaq

    16,340.87
    -5.40 (-0.03%)
     
  • Gold

    2,366.90
    +26.60 (+1.14%)
     
  • Crude Oil

    78.20
    -1.06 (-1.34%)
     
  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     
  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     
  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     
  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

China Fishery, Pacific Andes file for bankruptcy protection in the U.S.

It wants to prevent a fire sale of its assets.

Singapore-listed China Fishery Group and its parent company, Hong Kong-based Pacific Andes, have filed for chapter 11 bankruptcy protection in the United States, according to a report by Wall Street Journal.

By filing for bankruptcy in New York, the company will receive the benefits of U.S. bankruptcy law, including the so-called automatic stay preventing bondholders and other creditors from any from seizing its assets.

Read the full report here.



More From Singapore Business Review