Comvita to become biggest investor in SeaDragon after funding plan backed

Wed, 31 Aug 2016

By Jonathan Underhill Aug. 31 (BusinessDesk) - SeaDragon shareholders have overwhelmingly voted in favour of funding arrangements with Comvita that will result in the manuka honey company becoming the biggest investor in the fish oil refiner with as much as 36.5 percent of the company. Comvita emerged on SeaDragon's register with a 13.06 percent stake after agreeing to facilitate the completion of the company's 3-for-5 renounceable rights offer last September. As a result, it was issued with 411 million SeaDragon shares and 411 million op...

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