An "ad hoc group" of creditors is proposing a debt for equity recapitalization and restructuring plan for China Fishery Group’s (CFG) fishmeal business, which would ultimately see them taking full ownership of the operations in Peru.
The Restructuring Support Agreement (RSA) proposes a plan that would "strengthen, safeguard and provide funding" for the fishmeal business of CFGI and its subsidiaries, the group said.
