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The Ng family, which traces its roots to Melaka but is now based in Hong Kong, is at odds with an array of international bankers seeking to recover some US$1.7bil (RM6.58bil) through exposure to China Fishery. At least one banker has lost his job. Others were reprimanded because of lapses in the due diligence process. (19-0)
THE Ng family, the major shareholders of Hong Kong-listed Pacific Andes International Ltd (PAIH), is a big name in the global corporate world, having made their fortune in fishing. (17-0)
Hong Kong, Shanghai and Shenzhen stocks all extend the sell-off from last week after weak inflation data reignite China growth fears; other major Asian markets dragged lower