News of the Russian government ordering Pacific Andes to let go of its Russian assets -- assets that the company denies having -- could negatively affect the company's share prices and its 2013 outlook, sources tell IntraFish, and already appears to have some investors nervous.
Pacific Andes' fishing subsidiary Singapore-listed China Fishery's shares closed at a three-year low of SGD 0.57 (€0.36/$0.47) on Thursday. Just two days ago, its shares fell by13 percent to SGD 0.595 (€0.37/$0.49), after the company announced poor fourth quarter results due mainly to poor catches.
