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Seafarms Group Limited ( (AU:SFG) ) just unveiled an update.
Seafarms Group Limited has completed the Asset Sale Agreement through its subsidiary, Sea Dragon Shrimp Pty Ltd, acquiring assets from Project Sea Dragon Pty Ltd in liquidation. This acquisition is expected to facilitate funding arrangements for the development of the Sea Dragon Shrimp project, which includes new farms, hatcheries, and processing facilities in Northern Territory and Western Australia. The company is actively engaging with third parties for necessary consents and is in discussions with potential investors to support the project’s staged development.
More about Seafarms Group Limited
Seafarms Group Limited is a sustainable aquaculture company that produces premium Crystal Bay® Prawns and is developing the Project Sea Dragon prawn aquaculture project in northern Australia.
Current Market Cap: A$9.67M
For an in-depth examination of SFG stock, go to TipRanks’ Overview page.