Zhonggang Fisheries is Latest Pacific Andes Subsidiary to Seek Chapter 11 Protection
SEAFOODNEWS.COM by Michael Ramsingh - April 28, 2017
A fourth subsidiary of Pacific Andes has filed for Chapter 11 bankruptcy protection in New York court.
The directors of Zhonggang Fisheries Limited filed the petition on April 17.
“The directors of Zhonggang believe that it is in the best interests of Zhonggang’s shareholders to file for protection under Chapter 11 to ensure the continuation of a transparent and comprehensive restructuring process,” Pacific Andes said in a press release...
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