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New Zealand King Salmon Investments ( (AU:NZK) ) has issued an update.
China Resources Asset Management Limited has disclosed that it has become a substantial shareholder in New Zealand King Salmon Investments, holding 53,125,934 ordinary shares, equivalent to 9.871% of the company’s voting stock. The stake arose from an intra-group restructuring within the China Resources group, in which China Resources Enterprise transferred its entire shareholding in New Zealand King Salmon to China Resources Asset Management for nominal consideration, signalling an internal realignment of ownership rather than a new external investor entering the register, and potentially indicating a shift in how the group manages its strategic investment in the salmon producer.
More about New Zealand King Salmon Investments
New Zealand King Salmon Investments is a New Zealand-based aquaculture company specialising in the farming, processing and marketing of king salmon, supplying both domestic and international markets with premium seafood products.
Average Trading Volume: 35,516
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$94.94M
For an in-depth examination of NZK stock, go to TipRanks’ Overview page.