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China Fishery seeks further extension for release of full-year results

Sunday, February 28, 2016 - 17:57

CHINA Fishery Group has applied for a further extension of time for the announcement of its results for the financial year ended Sept 28, 2015, it said on Sunday.

The group had applied for the extension of time to April 30, 2016, on Feb 26, it said.

The company said it had made earlier applications to Singapore Exchange for time extensions because of "uncertainty concerning the carrying amounts and disclosure of certain assets and liabilities, following the appointments of the (joint and several provisional liquidators)".

"As a result, the company was unable to work on the finalisation of its results until the (joint and several provisional liquidators) were removed, which occurred on Jan 28, 2016."

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Liquidators for the company and China Fisheries International Limited - a company subsidiary - had been appointed on Nov 25, 2015, in Hong Kong and Dec 8, 2016, in the Cayman Islands.

Their appointments were removed on Jan 5, 2016, in Hong Kong and Jan 28, 2016, in the Cayman Islands.

"The company will announce the outcome of the further extension application in due course," China Fishery said in its statement.

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