China Fishery

China Fishery: Group made a competing offer to match the bid of NOK 59.70/ share by Cermaq ASA and extended the deadline of acceptance to 10 May 2013. As of 11 Apr, China Fishery has a total aggregate holding that equal to 32.3% of Copeinca; Recall over the weekend, Cermaq ASA made a voluntary cash offer of NOK 59.70/ share for Copeinca ASA, after gaining a 50.7% control of Copeinca. Cermaq achieved its 50.7% control after i) Copeinca issued new shares to Cermaq; ii) several of Copeinca's major shareholders and treasury shareholders sold their stakes to Cermaq; China Fish's initial plan for the acquisition of Copeinca would boost its peruvian catch quota by 10.7% in North and Central Peru, and an additional 3% of catch quota in South Peru- enabling China Fish to become the largest fishmeal co in Peru with a total of 16.9% catch quota in North and Central Peru and 14.7% in South Peru, and one of the top producers in the world.