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NZ Coastal Seafoods Resolves ASX Compliance Issue
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NZ Coastal Seafoods Resolves ASX Compliance Issue

New Zealand Coastal Seafoods Limited (AU:NZS) has released an update.

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New Zealand Coastal Seafoods Limited (NZS) has terminated its supply agreement with Gold Saint International Resources Group due to a breach of ASX Listing Rule 10.1, concerning conflicts of interest related to substantial shareholders. The company has taken steps to ensure compliance with the rule by reinforcing its Corporate Code of Conduct among directors and updating internal processes to prevent future breaches. These steps include board changes and the implementation of stricter due diligence procedures on transactions with substantial holders.

For further insights into AU:NZS stock, check out TipRanks’ Stock Analysis page.

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