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CNFC plans $63m capital raise to expand overseas tuna fleet

Chinese state-owned company CNFC Overseas Fisheries plans to raise CNY 400m via a private placement in China for seven new vessels, among other investments

By Lewis Hu | Dec. 9, 2021 09:29 GMT
China National Fisheries Corporation (CNFC)
At Seafood Expo Global 2017. Credit: Miriam Okarimia/ Undercurrent News
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China National Fisheries Corporation (CNFC)
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Chinese state-owned company CNFC Overseas Fisheries plans to raise CNY 400 million ($62.8m) via a private placement to expand and renew its fleet of tuna fishing vessels. [...]

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