A US bankruptcy judge is allowing creditors involved with a China Fishery creditor plan to sell around $3.4 million (€2.9 million) in shares of its Sino Analytica food testing plant in China as it wraps up a years-long legal saga.
On Aug. 23, New York Bankruptcy Judge James Garrity, Jr. approved the company's proposed sale of the shares, stating the action "represents a sound exercise of the debtors’ business judgment and is in the best interests of the debtors’ estates."
