Posted by albertlaw > 2013-08-22 16:28 | Report Abuse

starlene ( Date: 22-Aug-2013 16:21) Posted: Attended the EGM today..ED Mr Ng claim in 2009 they wanted to buy Copeinca..then the owners quoted US 18....today USD 11.67 latest offer as Copeinca has many assets and fishing fleet in Peru..USD 787 the total purchase price compared to ChinaFish about US400mil too big to swallow,but for long term will be good growth -he gave about 2 years before the full benefits of merging with Copeinca can be achieved. The USD 250mil bond coupon 9% will not be automatically triggered redemption according to their CFO,besides Copeinca still has substantial cash and very low debt.Mr Mano was there too to grill them Vote to acquire Copeinca for a significant stake in it was pass thru..