Pacific Andes unit plans Lion City float.

(From The Standard)

Byline: GraceLam

Pacific Andes International Holdings, a Hong Kong-listed frozen seafood supplier, said it hopes to spin off its fishing unit China Fisheries International for a listing on the main board of Singapore Exchange Securities Trading by the end of this year. Pacific Andes, the world's No1 frozen fish fillet producer by volume, said the SGX is now processing the listing application for China Fishery. The offering will be mainly new shares.

The group acquired a 51.9 percent stake in China Fishery last year to enhance its sourcing operations. Pacific Andes, together with its 65 percent owned, Singapore-listed Pacific …