pacific andes

Most companies centralise their treasuries to save money after expanding, Pacific Andes did it from the get go.

The first of two rights issues from the frozen seafood group finishes 136.8% oversubscribed to raise $73 million.

The parent company is using a rights issue to obtain capital that will be injected into its Singapore-listed division, which is also raising funds in a separate deal. The fully underwritten offerings will net a combined $216 million.