Authorities end 4-year probe on Pacific Andes, China Fishery

Singapore

THE Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) have concluded a four-year investigation into beleaguered Pacific Andes Resources Development (PARD) and its subsidiary, China Fishery Group.

Both mainboard-listed firms said on Friday that there will not be any further action taken with respect to them and Pacific Andes International Holdings Limited (PAIHL), the holding company of Hong Kong-listed Pacific Andes International Holdings.