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Stock impact report

Pingtan Marine Enterprise Received Approval of Additional 24 Fishing Vessels to be Rebuilt and Operate in International Waters

Pingtan Marine Enterprise Ltd. - Ordinary Shares (PME)  More Company Research Source: PR Newswire
NASDAQ:AMEX Investor Relations: ptmarine.com
PDF FUZHOU, China, March 5, 2019 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (Nasdaq: PME, "Pingtan" or the "Company"), a global fishing company based in the People's Republic of China (PRC), today announced that following the approval of modification and rebuilding for 27 fishing vessels from the Ministry of Agriculture and Rural Affairs of the People's Republic of China ("MOA"), an additional 24 fishing vessels of the Company have recently received approval for modification and rebuilding from the MOA. These vessels are approved to operate in the international waters of the Indian Ocean, North Pacific Ocean, Southeast Pacific and Southwest Atlantic (including Argentina) after completion of modification and rebuilding.The modification and rebuilding of these vessels mainly include upgrading the fishing method to satisfy international waters fishing requirements and to expand gross tonnage of the vessels. The new vessels will be put into operation in the designated fishing area after c [Read more]
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