New Zealand Coastal Seafoods Limited (AU:NZS) has released an update.
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New Zealand Coastal Seafoods Limited (NZS) faced quality issues with their first delivery of Ling fish to the Chinese market, as reported by Gold Saint International Resources Group, the purchaser. The shipment was found to be infested with parasites, prompting ongoing discussions to rectify quality control and extend the initial purchase agreement by another year, now set to expire on May 12, 2025. Additionally, NZS is in talks with ASX regarding the potential application of Listing Rule 10.1 to the transaction, with updates for shareholders to follow.
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