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Pacific Andes

More state-tied China lenders call for Ngs to remain in place at Pacific Andes

Industrial and Commercial Bank of China and Qingdao branch of CITIC call for Ng family to continue to run Pacific Andes, amid calls from other lenders for a trustee

By Tom Seaman | Aug. 23, 2016 16:22 BST
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The Qingdao offices of the Industrial and Commercial Bank of China (ICBC) and China CITIC Bank International are calling for the Ng family to remain at the helm of Pacific Andes International Holdings (PAIH) and its subsidiaries, which are in chapter 11 bankruptcy protection in the US [...]

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