China Fishery Group (SGX:B0Z) said the liquidation of residual assets, including a Hong Kong office, is still ongoing under its Chapter 11 restructuring, according to a Tuesday filing on the Singapore Exchange.
A weak market has delayed the sale, with no formal offers received despite interest, the filing said.
The company has completed the dissolutions of 14 subsidiaries, and further liquidations and claim resolutions are in progress. Final shareholder distributions will follow asset sales, after which the company will be liquidated and delisted.
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