Pacific Andes intends to continue its restructuring process.
Two subsidiaries of Pacific Andes request to be declared bankrupt
HONG KONG
Wednesday, March 29, 2017, 02:50 (GMT + 9)
As part of its restructuring process, Pacific Andes International Holdings (PAIH) announced that two indirect subsidiaries, Golden Target Pacific Limited and Nouvelle Foods International Limited, have filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code.
PAIHs representatives explained that one of the primary reasons for the file for relief was to bring the Pacific Andes Groups many creditors into a single forum so that there could be an efficient, effective and transparent group-wide restructur…
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