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Seafarms Group Limited ( (AU:SFG) ) has shared an update.
Seafarms Group Limited announced that the liquidators of Project Sea Dragon Pty Ltd have decided to transition the company from liquidation to voluntary administration, aiming to propose a new Deed of Company Arrangement. This move, which has the full support of Seafarms Group, is pending court approval and is seen as a positive step for the company’s future operations. Seafarms Group remains solvent and will continue to engage with the liquidators as the process unfolds.
More about Seafarms Group Limited
Seafarms Group Limited is a sustainable aquaculture company based in Australia, known for producing premium Crystal Bay® Prawns. The company is also involved in developing the Project Sea Dragon prawn aquaculture project in northern Australia.
Current Market Cap: A$7.25M
For an in-depth examination of SFG stock, go to TipRanks’ Stock Analysis page.