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China Fishery seeks judicial management for Peru unit

CHINA Fishery Group's CFG Peru Investments unit is seeking judicial management amid an ongoing provisional liquidation at the fishing and fishmeal production group.

The High Court of Singapore will hear CFG Peru's application for interim judicial management on Dec 18, and its originating summons for judicial management on March 21, 2016.

China Fishery shares are currently suspended after the company's creditors succeeded in pushing for provisional liquidators to be appointed in the wake of China Fishery's inability to pay its debts.