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Pingtan accounting change shaves $187m off its equity

Financial restatement for 2012 and 2013 has a positive impact on income of $1.6 million, to $47.1 million

By Undercurrent News | Nov. 7, 2014 09:28 GMT
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Chinese fishing group Pingtan Marine Enterprise has announced a restatement of its finances for the years 2012 and 2013, which resulted in shaving $187 million off its stockholder equity [...]

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