Sea Dragon seeks to delist from NZX

Wed, 15 Apr 2020

Fish oil producer SeaDragon said it will produce a loss before tax and depreciation of approximately $4.9 million compared to last year’s loss of $5.2 million.In order to stem those losses, the company will begin an immediate cost reduction strategy to dramatically reduce expenses.As compliance costs of being listed on the NZX are significant, the SeaDragon board decided to seek shareholder approval to delist from NZX and become an unlisted company trading on USX.Other cost cutting measures include limiting customers to those who can meet gross...

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