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5 months ago
BRIEF-Pingtan Marine purchases five vessels from Fuzhou Honglong Ocean Fishery
March 29, 2017 / 12:59 PM / 5 months ago

BRIEF-Pingtan Marine purchases five vessels from Fuzhou Honglong Ocean Fishery

March 29 (Reuters) - Pingtan Marine Enterprise Ltd:

* Pingtan Marine Enterprise Ltd - company intends to fund purchase with its cash flow generated from 2017

* Expanded its fleet through purchase of five vessels from Fuzhou Honglong Ocean Fishery Co for about RMB 265.3 million

* Expects to put acquired vessels in operation and begin recognizing sales during Q2 of 2017 Source text for Eikon: Further company coverage:

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