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[September 05, 2014]
China Tuna Industry Group Starts Hong Kong Listing
(Sinocast Investing & Securities Beat (China) Via Acquire Media NewsEdge) HONG KONG, September 5, SinoCast -- Market information revealed that China Tuna Industry Group has kicked off pre-marketing, planning to finance USD 100 million to USD 150 million in Hong Kong, with Deutsche Bank (NYSE: DB) acting as sponsor.
China Tuna Industry Group is engaged in fishing and selling tunas sold to Japan, being one of the earliest companies to engage in tuna fishing in China.
By the end of March 2014, quarterly income hiked 88% from a year earlier to CNY 132 million, including 88.4% from Japan.
Financing will be used for expanding fleets, engage in tuna processing and widen tuna sales market.
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