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New Zealand Coastal Seafoods Limited ( (AU:NZS) ) has provided an update.
New Zealand Coastal Seafoods Limited has been formally censured by the ASX for breaching Listing Rules 10.1 and 3.1 involving a substantial supply agreement with Gold Saint International Resources Group Pty Ltd. The breaches were related to undisclosed relationships between the company’s chairperson and Gold Saint, as well as a failure to disclose deteriorating circumstances and financial forecast failures. This censure highlights serious compliance issues and a poor history of adhering to ASX regulations, raising concerns about the company’s governance and transparency.
More about New Zealand Coastal Seafoods Limited
New Zealand Coastal Seafoods Limited operates in the seafood industry, focusing primarily on the supply of premium New Zealand Ling fish. The company is engaged in agreements to provide seafood products, with a notable market focus on international trade, particularly with partners like Gold Saint International Resources Group Pty Ltd.
Current Market Cap: A$3.33M
For detailed information about NZS stock, go to TipRanks’ Stock Analysis page.
