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New Zealand Coastal Seafoods Limited ( (AU:NZS) ) has shared an update.
New Zealand Coastal Seafoods Limited has completed the purchase of a 387-ton fishing vessel, MV Bluefin, which is expected to significantly enhance its operations in the Coral Sea Fishery. The company has also expanded its operations with a new factory in Mackay, raised $666,000 through Convertible Note subscriptions, and secured a cornerstone investor, Ilwella Pty Ltd. These developments are aimed at strengthening the company’s financial position and operational capabilities, with plans to resume normal trading on the ASX in May 2025.
More about New Zealand Coastal Seafoods Limited
New Zealand Coastal Seafoods Limited operates in the seafood industry, focusing on the processing, distribution, and export of premium seafood products. The company also produces nutraceutical and marine ingredients, with a market focus on leveraging strategic fishing licenses.
Current Market Cap: A$3.33M
Find detailed analytics on NZS stock on TipRanks’ Stock Analysis page.
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