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China Fishery - Low PE

China Fishery ups Copeinca stake to more than 99%

By SeafoodSource staff

Published on 29 October, 2013

China Fishery Group, through its subsidiary Grand Success Investment, has purchased an additional 527,912 - about 0.75 percent - of the shares in Copeinca.

The new shares bring China Fishery's holdings in the Peruvian fishmeal and fish oil producer to 99.85 percent.

Settlement of the offer is due to take place by 8 November.

Skandinaviska Enskilda Banken is acting as financial advisor for China Fishery while Larrain Vial Sociedad Agente de Bolsa S.A. is acting as the receiving agent for the Copeinca.

 

  Russian Sea Catching (RSC) looks set to acquire two more pollock fishing companies.    October 29, 2013, 4:00 am     

These holdings own the Far Eastern pollock fishing companies Pelagial and Imlan, according to the Russian business newspaper Kommersant.

A RSC spokesperson told Undercurrent News that the group has not purchased Baltstar or Malix, insisting no contracts have been signed at this stage.

?We have just received FAS permission to make acquisition of several companies in case we decide to do that,? the spokesperson told Undercurrent.

?These companies are just legal entities, they don?t have any vessels or fishing quotas in their property,? he added. ?RSC is owner of essential fishing quotas for several species, so FAS permission is required for almost any acquisition.?

According to information seen by Undercurrent, Pelagial and Imlan are among companies suspected to be indirectly owned by or linked to Pacific Andes.

Pelagial has a quota of around 13,500 metric tons of quota, and Imlan of around  4,000t.

Pelagial is among 20-odd Russian pollock catchers found guilty of cartel activities by the FAS last December. On Oct. 23, a Moscow arbitration court confirmed the ruling and imposed fines on six of the companies.

For RSC, the deal is its latest acquisition in the Russian Far East, in an expansion that has taken it from owning zero quotas at the start of the year, to being the country?s largest pollock fishing company.

Specifically, RSC now controls around 12% of the Russian pollock quota (180,000t for 2013), having acquired  Turnif, Intraros,  Sovgavanryba and Vostokrybprom.

The company has said it  plans more deals and in the Far East, while also looking at expanding in all major Russian fishing regions in the longer term.

All acquired companies will fall under the ultimate management of Peter Savchuk, the head of RSC?s Far East division.

Founded in 2011, RSC is owned by oil billionaire Gennady Timchenko and Maxim Vorobiev, both also shareholders in Russian Sea Group.

It was created with the specific aim of acquiring fishing companies in the Far East.

Its emergence coincided with accusations from the Russian government and FAS that Russian pollock catchers were engaged in cartel activities and were illegally controlled by foreign companies, mainly from China (Pacific Andes) and South Korea.

RSC is now led by  Andrey Teterkin, who joined as CEO of RSC in the later part 2012 from Sibur, a Russian  fertilizer  company.

 

 

U will not see it in ur poems acc. Cost u buy from company it self. Not tru peoms.it shld reflect in ur cdp. If not in that means u need to cx with china fish lor.

kevin79      ( Date: 28-Oct-2013 11:12) Posted: Hi all, Anybody know why those vested lots(at $)0.34  during the right issue period  still not reflecting in my POEMS account? Please enlighten me. Thanks.

 

WanSiTong      ( Date: 28-Oct-2013 11:02) Posted:   RESULTS OF THE SECOND GENERAL OFFER Reference is made to the announcement made by the Company on 27 September 2013 and the circular to shareholders dated 6 August 2013 (" Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings as in the Circular. The acceptance period of the Second General Offer expired on 25 October 2013 at 22:00 (CET). The Offeror has received acceptances of the Second General Offer for a total of 527,912 Copeinca Shares, representing approximately 0.75% of the shares and votes in Copeinca. In addition, the Offeror holds 69,568,092 Copeinca Shares. In total, the Offeror's shareholding and rights to shares equals approximately 99.85% of the shares and votes in Copeinca. Please note that the results of the Second General Offer are preliminary and may be subject to adjustments, however, such adjustments (if any) are expected to be non-material. In accordance with the terms and conditions set out in the offer document dated 26 September 2013, settlement of the Second General Offer will take place as soon as reasonably possible, and not later than two weeks after the expiry of the acceptance period (i.e. by 8 November 2013). The terms of the Second General Offer are set out in the offer document dated 26 September 2013. Skandinaviska Enskilda Banken AB (publ) (Oslo Branch) is acting as financial advisor and receiving agent for the Offeror in Norway. Larrain Vial Sociedad Agente de Bolsa S.A. is acting as the receiving agent for the Offeror in Peru. The Offeror is represented on the board of directors of Copeinca by Ng Joo Siang and Ng Puay Yee, and is thus considered a primary insider of Copeinca for the purposes of mandatory notification of trades.     Circular" ).

 

 

ME got keep 200 lots............this one good for new year hong bao.............

 

danytan      ( Date: 28-Oct-2013 12:28) Posted: Any seniors vested in this?

 

This fish need to long, any price below $0.40 is good buy, if below $0.37 is good good buy.
1st target at $0.50, actual TP need to see this coming report after acquired the copeinca.

danytan      ( Date: 28-Oct-2013 12:28) Posted: Any seniors vested in this?

 

Rights share will reflect in yr CDP account, not poems.Pls check with CDP.

kevin79      ( Date: 28-Oct-2013 11:12) Posted: Hi all, Anybody know why those vested lots(at $)0.34  during the right issue period  still not reflecting in my POEMS account? Please enlighten me. Thanks.

 

Any seniors vested in this?

 

Hi all,

Anybody know why those vested lots(at $)0.34  during the right issue period  still not reflecting in my POEMS account?

Please enlighten me.

Thanks.

 

 

RESULTS OF THE SECOND GENERAL OFFER

Reference is made to the announcement made by the Company on 27 September 2013 and the circular to shareholders dated 6 August 2013 ("

Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings as in the Circular.

The acceptance period of the Second General Offer expired on 25 October 2013 at 22:00 (CET). The Offeror has received acceptances of the Second General Offer for a total of 527,912 Copeinca Shares, representing approximately 0.75% of the shares and votes in Copeinca. In addition, the Offeror holds 69,568,092 Copeinca Shares. In total, the Offeror's shareholding and rights to shares equals approximately 99.85% of the shares and votes in Copeinca.

Please note that the results of the Second General Offer are preliminary and may be subject to adjustments, however, such adjustments (if any) are expected to be non-material.

In accordance with the terms and conditions set out in the offer document dated 26 September 2013, settlement of the Second General Offer will take place as soon as reasonably possible, and not later than two weeks after the expiry of the acceptance period (i.e. by 8 November 2013).

The terms of the Second General Offer are set out in the offer document dated 26 September 2013.

Skandinaviska Enskilda Banken AB (publ) (Oslo Branch) is acting as financial advisor and receiving agent for the Offeror in Norway. Larrain Vial Sociedad Agente de Bolsa S.A. is acting as the receiving agent for the Offeror in Peru.

The Offeror is represented on the board of directors of Copeinca by Ng Joo Siang and Ng Puay Yee, and is thus considered a primary insider of Copeinca for the purposes of mandatory notification of trades.

 

  Circular" ).

 

earning announcement in 1 month's time. gogogo

JMS213      ( Date: 26-Oct-2013 10:04) Posted: Today ST by Geoff Howie, " A good investment opportunity should entail both strong price and dividend returns."   This BB definitely has BOTH. Cheers

 

Today ST by Geoff Howie, " A good investment opportunity should entail both strong price and dividend returns."  

This BB definitely has BOTH. Cheers 

 

Haha !! Yes, of course ... good performances in 2014/5

 

 

 

In addition, may  China Fish deliver  good performances in 2014/5......

  < A general article on the global fishmeal and fish-oil supply..... for your reading pleasure: http://rjd.miami.edu/conservation/global-fishmeal-and-fish-oil-supply  >

 

 

srichipan      ( Date: 21-Oct-2013 11:11) Posted: oversold region EZ3626      ( Date: 21-Oct-2013 10:46) Posted: The moving average shows this Fish is going to LEAP above $0.40. More and more publicity and the market growing rapidly . Watch and get ready for flying FISH Industry and government seafood export organizations around the world know that China Fisheries & Seafood Expo is their best opportunity to grow sales in the world's largest and fastest growing seafood market. That's why CFSE 2012 featured national stands from more than 20 countries, including new stands from Argentina, Denmark, Ireland,  Japan and New Zealand.  CFSE 2013 will feature even more national pavilions as seafood producers around the world rush to meet China's growing demand for imported seafood, which is widely seen in China as safer and of higher quality than domestic seafood.

 

Haha JMS213 don't worry Im not kancheong. I also have faith that this counter will go up when the time is right. 

 

Haha Blanchard, I have to talk some more then I can be promoted to senior haha .... collect dividends also not bad ... come to think about it. Christmas is coming .... 

 

Serlalain, relax ok, I will get ready champagne for you. When it is time, trust me no amount of milk strength can bring this MARLIN down. HAHA 

Just Make Sure you don't kancheong, relax and have a glass of lemonade.  

 

Bro, steady steady look at the dividend. I don't even bother .... there is a bright future for this BB. Relax .... mai kancheong. When it comes lobster, abalone also can   ...... They hold also hand tired. You know not easy fighting with MARLIN. 

JMS213      ( Date: 23-Oct-2013 00:16) Posted: I will be very happy if they offer dividend of $0.045 like before. Ho Say likely to announce in 2 months times the dividends. Hooray Blanchard      ( Date: 21-Oct-2013 14:20) Posted:   Meanwhile,  hope to see reasonable full-year dividend credited to our bank account in 4-months time.

 

how much r u vested at bro?