Carlyle to take 13.6% stake in China Fishery
Singapore-listed China Fishery Group – which began operations as a North Pacific trawling business in 2001 – has announced it will issue new ordinary shares and warrants in a conditional private placement to the Carlyle Group, for a total consideration of up to S$266 million ($190 million).
This will result in Carlyle holding 13.6% of the fishing company’s enlarged share capital. China Fishery Group, prior to this deal, appears to have been somewhat cash-strapped, having cancelled a first...
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