Centralised from the start

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

Dennis Chan looked excited. The financial controller of Pacific Andes International Holdings, a Hong Kong-listed global seafood conglomerate, had just closed a $190 million private placement with The Carlyle Group to fund expansion the latest in the company’s plans to grow.

“The investment will allow the entire group to expand,” he said. “We are targeting expanding our fishing rights in Peru and in Africa all over really.”

Pacific Andes has grown rapidly during the past decade, reporting a...

To continue reading, please login or register for free

Click for more on: dennis chan | pacific andes | cfo | cfo solutions

Print Edition

FinanceAsia Print Edition