Oceania Natural to quit NXT, in talks with investors to raise capital

Thu, 31 May 2018

By Paul McBeth May 31 (BusinessDesk) - Oceania Natural will quit NZX's NXT market next month, pending shareholder approval, after two years on the bourse for minnows, saying the cost of staying listed is too much relative to its revenue. The Auckland-based company was the third company to join the soon-to-be-defunct NXT market, listing in 2016 via a compliance listing at 64 cents apiece. The shares last traded at $1.42. Oceania Natural focused on selling Manuka honey into China, which was initially profitable, but an oversupply throu...

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