Finance

China Fishery creditors unveil plan to wrestle control of Peru operations from the group

The proposed restructuring would mean $150 million in new financing and more than $700 million of existing debt converted into new equity.

Jessie Ng, (center) executive director and CEO of China Fishery Group, stressed that the plan is an initiative taken by the ad hoc group of creditors and "not in conjunction with the board."
Jessie Ng, (center) executive director and CEO of China Fishery Group, stressed that the plan is an initiative taken by the ad hoc group of creditors and "not in conjunction with the board."Foto: Rachel Mutter/IntraFish
Published 3 March 2021, 11:06Updated 3 March 2021, 12:55
China Fishery GroupPeruPacific AndesJessie Ng