Pacific Andes Enters Bankruptcy Blaming El Nino, Lender Acts

  • Says HSBC appointed liquidators who interfered with business
  • Twelfth-largest seafood processor operates in China, Peru

Pacific Andes Group, the world’s 12th-largest seafood company, filed for bankruptcy in New York after investigations by Singapore and Hong Kong market regulators and pressure by lenders to start a fire-sale.

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