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HK High Court halts China Fishery winding-up process

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Published Wed, Jan 6, 2016 · 09:50 PM

Singapore

SHAREHOLDERS and bondholders of beleaguered upstream fisher and fishmeal producer China Fishery Group might get a reprieve now that the Hong Kong High Court has put a halt to its liquidation process.

The latest court action, announced late Tuesday night, came after three of its lenders agreed to support the case for the company not to be wound up.

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