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China Fishery, Pacific Andes dive on proposed rights issue

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China Fishery dived 28 per cent to 18.6 Singapore cents on Wednesday, gravitating towards the rights issue price, on active trade of 16.6 million shares.

Singapore

INVESTORS dumped stocks of China Fishery Group and its largest shareholder Pacific Andes Resources Development on Wednesday following the former's proposal to undertake a rights issue of up to 1.71 billion new shares at an issue price of 17.3 Singapore cents apiece.

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