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CFG Bankruptcy Objection Filed

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China Fishery Group’s ad hoc committee of senior noteholders filed with the U.S. Bankruptcy Court an objection to the sales contemplated by the notice of sale of the Enterprise and Pacific Champion (in accordance with the non-debtor asset sale order).

The objection asserts, “For the same reasons set forth in the objection [Docket No. 1043] with respect to Notice of Sale of a Non-Debtor Vessel In Accordance with Non-Debtor Asset Sale Order [Docket No. 1014], which objections are incorporated herein by reference in their entirety. Furthermore, the Senior Noteholder Committee’s advisors have been engaged in discussions with the Chapter 11 Trustee and his advisors regarding the subject matter of this objection. These discussions remain ongoing. Accordingly, the Senior Noteholder Committee reserves its rights regarding the subject of this objection and various sale notices filed by the Chapter 11 Trustee.”

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