Clean Seas Shareholders Approve Acquisition by Yumbah Aquaculture

Clean Seas Seafood Limited ( (AU:CSS) ) has provided an update.

Clean Seas Seafood Limited announced that its shareholders have voted in favor of a Scheme of Arrangement with Yumbah Aquaculture Ltd, which involves Yumbah acquiring all ordinary shares of Clean Seas. The scheme received overwhelming support with 81.55% of shareholders present and voting in favor, and 98.78% of votes cast in favor. The scheme is pending approval from the Federal Court of Australia, with key dates set for its implementation, including the suspension of Clean Seas shares from trading on the ASX and OSE.

The most recent analyst rating on (AU:CSS) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Clean Seas Seafood Limited stock, see the AU:CSS Stock Forecast page.

More about Clean Seas Seafood Limited

Clean Seas Seafood Limited operates in the aquaculture industry, focusing on the production and supply of premium seafood products. The company is known for its sustainable practices and market focus on high-quality seafood, particularly in the Australian and international markets.

Average Trading Volume: 148,796

Technical Sentiment Signal: Sell

Current Market Cap: A$28.29M

For an in-depth examination of CSS stock, go to TipRanks’ Overview page.