China Fishery's application for Oslo listing approved

Company secures in-principle approval from SGX-ST for listing and quotation of 172mln new shares in Oslo.

Singapore Exchange Mainboard-listed industrial fishing company China Fishery Group Limited announced Feb. 18 that the Company's application for a proposed secondary listing on Oslo Børs of Norway has been approved. The SGX-ST also has, on Feb. 11, given its in-principle approval for the listing and quotation of up to 172,057,599 new Shares in connection with the intended Public Offering in Oslo.

China Fishery’s secondary listing application is the first Singapore-Oslo dual listing application following an agreement inked in July 2009 between the Singapore and Oslo stock exchanges to facilitate the process of dual listings of companies on each other’s bourse.

Group Managing Director Mr Ng Joo Siang said, “I am delighted that the Oslo Børs has approved the Company’s application for a secondary listing. On behalf of China Fishery, I would like to express sincere gratitude to the Oslo Børs for their professionalism and seamless support, ensuring a smooth and efficient application process.”

Mr. Ng added, “While the management is currently evaluating the proposed secondary listing, this approval brings us one step closer to our aim of increasing shareholders’ value, broadening of investor base and enhancing China Fishery’s visibility through the secondary listing. We have engaged ABG Sundal Collier and SEB Enskilda, two top tier Norwegian investment banks, to advise on the dual listing process.”

Shareholders and other investors are reminded to exercise caution when dealing in China Fishery's shares as the proposed secondary listing and Public Offering may or may not proceed. In the event that shareholders and other investors are in doubt when dealing in the shares, they should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers. Further announcements in relation to the proposed secondary listing will be made at the appropriate time.