China Fishery Group acquires Pesquera Alejandria S.A.C.

China Fishery Group Ltd. on Wednesday scrapped its plans for a dual primary listing on Hong Kong Stock Exchange. The company, which is owned Pacific Andes International Holdings Ltd., is already listed on the Singapore Stock Exchange.

The decision to pursue a dual primary listing surfaced in December 2010, but, in August 2011, China Fishery opted to delay the process due to unfavorable economic conditions.

In its announcement on Wednesday, the company did not offer a reason for halting the process.

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