Singapore-listed China Fishery (CNFG.SI) said on Friday it had cancelled a plan for a secondary listing on the Oslo bourse due to the turbulence in European markets.

The annoucement came three days after the company said Carlyle Group, one of the world’s biggest private equity investors, would invest $190 million ($266 million) in the fishery firm to help it expand business.

“The company will be in a stronger financial position to fund business growth and investment opportunities as and when they arise,” despite the cancellation of the listing plan, China Fishery said in a statement to the Singapore Exchange.

China Fishery catches and processes fish for customers around the world. It also operates along Peru’s coast where it catches anchovies and processes them into fishmeal.

The stock was flat at $1.95 at the midday break with the overall index up 0.61%.