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 compound annual growth rate of 21% since 2000, as it acquired and built up operations ranging from fishing, packaging to distribution around the world. With the company since 1995, Chan is responsible for managing its...

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