Advertisement
Singapore markets close in 3 hours 56 minutes

  • Straits Times Index

    3,286.59
    -1.16 (-0.04%)
     

  • Nikkei

    38,024.75
    +396.27 (+1.05%)
     

  • Hang Seng

    17,626.75
    +342.21 (+1.98%)
     

  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     

  • Bitcoin USD

    64,172.62
    -126.28 (-0.20%)
     

  • CMC Crypto 200

    1,388.28
    +5.71 (+0.41%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Gold

    2,347.20
    +4.70 (+0.20%)
     

  • Crude Oil

    83.87
    +0.30 (+0.36%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • FTSE Bursa Malaysia

    1,573.86
    +4.61 (+0.29%)
     

  • Jakarta Composite Index

    7,115.99
    -39.31 (-0.55%)
     

  • PSE Index

    6,568.45
    -6.43 (-0.10%)
     

Lender HSBC asks court to wind up China Fishery Group

Reuters - UK Focus

SINGAPORE, Nov 26 (Reuters) - HSBC Holdings (HKSE: 0005.HK - news) , a lender to China Fishery Group Ltd, said it has filed an application with the Hong Kong High Court to appoint provisional liquidators and petitioned for its winding up.

"HSBC filed an application to the High Court of the Hong Kong Special Administrative Region to appoint provisional liquidators to two companies with operations in Hong Kong: China Fishery Group Ltd and China Fisheries International Ltd," a spokesman for the bank said in an emailed response.

"The bank has also petitioned for the winding up of these two companies," it added.

China Fishery (Hamburg: CNF.HM - news) and its parent, Pacific Andes Resources Development are facing a probe by the Monetary Authority of Singapore and inspectors from the Commercial Affairs Department for an offence under the securities and futures act.

ADVERTISEMENT

Their parent Pacific Andes International Holdings is facing an investigation by the Hong Kong securities regulator.

Trading in shares of three companies were halted on Thursday.

Shares (Berlin: DI6.BE - news) of China Fishery have fallen 72 percent so far this year.

(Reporting By Aradhana Aravindan and Saeed Azhar; Editing by Simon Cameron-Moore)