Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited
take no responsibility for the contents of this announcement, make no representation as to its
accuracy or completeness, and expressly disclaim any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
PACIFIC ANDES INTERNATIONAL HOLDINGS LIMITED
太平洋恩利國際控股有限公司
(STOCK CODE: 1174)
OVERSEAS REGULATORY ANNOUNCEMENT
APPOINTMENT OF PROVISIONAL LIQUIDATORS
OF
CHINA FISHERY GROUP LIMITED AND
CHINA FISHERIES INTERNATIONAL LIMITED
IN HONG KONG
This announcement is made by Pacific Andes International Holdings Limited (the
“Company”) pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on
The Stock Exchange of Hong Kong Limited.
Hereinbelow is the announcement made by China Fishery Group Limited (“CFGL”), a
company listed on the Singapore Exchange Securities Trading Limited (the “SGX-ST”) and a
38% non-wholly-owned subsidiary of the Company, in relation to the appointment of
provisional liquidators of CFGL and China Fisheries International Limited (an indirect
wholly-owned subsidiary of CFGL), which has been released to SGX-ST on 27 November
2015.
By Order of the Board
Pacific Andes International Holdings Limited
Chan Tak Hei
Company Secretary
Hong Kong, 29 November 2015
–1–
As at the date of this announcement, the executive directors of the Company are Madam Teh
Hong Eng, Mr. Ng Joo Siang, Mr. Ng Joo Kwee, Mr. Ng Joo Puay, Frank and Ms. Ng Puay Yee
whilst the independent non-executive directors of the Company are Mr. Lew V Robert,
Mr. Kwok Lam Kwong, Larry and Mr. Tao Kwok Lau, Clement.
–2–
CHINA FISHERY GROUP LIMITED
(Incorporated in the Cayman Islands)
APPOINTMENT OF PROVISIONAL LIQUIDATORS IN HONG KONG
This announcement is made by China Fishery Group Limited (Provisional Liquidators Appointed) (the
“Company”) pursuant to Orders of the Court of the Hong Kong Special Administrative Region (the
“Court”) dated 25 November 2015 (the “Court Orders”) and Rule 704 (21) of the Listing Manual of the
Singapore Exchange Securities Trading Limited (“SGX-ST”).
Pursuant to the Court Orders and until further notice:
(a)
Messrs. Edward Simon Middleton and Fergal Thomas Power (both of KPMG Hong Kong) and
Kris Beighton (of KPMG Cayman Islands), (collectively, the “JPLs”) have been appointed jointly
and severally as provisional liquidators of the Company and China Fisheries International
Limited (a wholly owned indirect subsidiary of the Company incorporated in Samoa) (collectively,
the “Relevant Group Companies”) in Hong Kong with effect from 25 November 2015; and
(b)
the JPLs are authorized and empowered by the Court to take all necessary actions to protect
each Relevant Group Company’s assets. The powers of the JPLs include, among other things,
to take possession of or collect each Relevant Group Company’s properties, investigate and
conduct the affairs of each Relevant Group Company, to engage staff and advisors to assist
them in the performance of their functions, the power to defend any actions or legal proceedings
on behalf each Relevant Group Company, to execute all agreements and documents on behalf
of each Relevant Group Company, to convene meetings of creditors and contributors and to
take necessary steps to ensure the good management and security of the assets and
undertakings of each Relevant Group Company’s operating subsidiaries and affiliates.
As the JPLs have only just been appointed, they will be familiarising themselves with the affairs of the
Relevant Group Companies, and the Company will in due course make announcements to further
update its shareholders.
In the meantime, any queries from shareholders of the Company may be directed to Ms. Yvonne Chong,
Associate Director at +852 2140 2296.
In view of current developments, the trading of shares of the Company on the SGX-ST, currently halted,
will be suspended with immediate effect pending further notification from the Company.
For and on behalf of
CHINA FISHERY GROUP LIMITED
(Provisional Liquidators Appointed)
Edward Simon Middleton
Fergal Thomas Power
and
Kris Beighton
Joint and Several Provisional Liquidators in Hong Kong
Acting as agents without personal liability
27 November 2015