China fishery's application for listing in oslo approved
- China Fishery also received in-principle approval from SGX-ST for the listing and quotation of up to 172 million new Shares in connection with the Public Offering in Oslo, reports http://www.megafishnet.com/ with reference to China Fishery Group.
Singapore, 18 February 2010 - Singapore Exchange Mainboard-listed industrial fishing company China Fishery Group Limited ("China Fishery" or the "Company")(SGX:B0Z.SI) today announced that the Company's application for a proposed secondary listing on Oslo Børs of Norway has been approved. The SGX-ST also has, on 11 February, given its in-principle approval for the listing and quotation of up to 172,057,599 new Shares in connection with the intended Public Offering in Oslo.
China Fishery's secondary listing application is the first Singapore-Oslo dual listing application following an agreement inked in July 2009 between the Singapore and Oslo stock exchanges to facilitate the process of dual listings of companies on each other's bourse.
Group Managing Director Mr Ng Joo Siang said, "I am delighted that the Oslo Børs has approved the Company's application for a secondary listing. On behalf of China Fishery, I would like to express sincere gratitude to the Oslo Børs for their professionalism and seamless support, ensuring a smooth and efficient application process."
Mr. Ng added, "While the management is currently evaluating the proposed secondary listing, this approval brings us one step closer to our aim of increasing shareholders' value, broadening of investor base and enhancing China Fishery's visibility through the secondary listing. We have engaged ABG Sundal Collier and SEB Enskilda, two top tier Norwegian investment banks, to advise on the dual listing process."
Shareholders and other investors are reminded to exercise caution when dealing in China Fishery's shares as the proposed secondary listing and Public Offering may or may not proceed.
In the event that shareholders and other investors are in doubt when dealing in the shares, they should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers. Further announcement(s) in relation to the proposed secondary listing will be made at the appropriate time.
This notice is not an offer to sell or a solicitation of an offer to buy any of the securities described herein, and is not for distribution to United States news services or for dissemination in the United States or elsewhere where such dissemination is not appropriate or lawful.
China Fishery Group Ltd
Direct: +852 2589 4191
Media Contact - Asia
Weber Shandwick in Singapore
Direct: +65 6825 8069
Mobile: +65 9247 4963
Media Contact - Norway and Europe
Gambit Hill and Knowlton in Oslo
About China Fishery Group Limited
Listed on the Singapore Exchange Mainboard since 2006, China Fishery Group Limited ("China Fishery") is a global integrated industrial fishing company with access to fish in some of the world's most important fishing grounds. Employing new catch and processing solutions, China Fishery harvests, onboard processes and delivers high quality catch to consumers the world over.
China Fishery is also established with purse seine fishing vessels and fishmeal processing plants deployed strategically along Peru's coastal areas. Riding on an ever-growing global demand for fish, China Fishery is committed to continually securing access to underutilized and abundant ocean resources, and fulfilling the needs of the health and value-conscious consumer through sustainable fishing practices.