NZ Coastal Seafoods Addresses Supply and Compliance Queries

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

New Zealand Coastal Seafoods Limited confirms its ongoing Gold Saint Supply Agreement, despite a previous delivery of HGT Ling Fish not meeting quality expectations. The company has extended the agreement for an additional year to May 2025 and is in talks to ensure future deliveries meet the required standards. Additionally, disclosures reveal overlapping directorships and shareholdings between NZS and Gold Saint International Resources Group, raising potential concerns over the agreement’s compliance with ASX Listing Rules.

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