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China’s CNFC to merge three seafood companies, double its fleet size

Chinese state-owned fishing company CNFC Overseas Fisheries announced on the Shenzhen Stock Exchange that it would pay CNY 1.72bn for the merger

By Lewis Hu | May 24, 2023 10:06 BST
China National Fisheries Corporation (CNFC)
At Seafood Expo Global 2017. Credit: Miriam Okarimia/ Undercurrent News
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Chinese state-owned company CNFC Overseas Fisheries plans to merge three fishing firms from its controlling shareholder, more than doubling its number of vessels [...]

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