NZ Coastal Seafoods says liquidating NZ business will save $500k a year

The liquidated New Zealand operation is providing the Australian arm with some breathing room. (Image: Getty)

Fri, 27 Dec 2024

The Australian mothership of a seafood company says liquidating its New Zealand operations should save it over A$500,000 (NZ$553,000) annually.New Zealand Coastal Seafoods (NZCS) released its annual report earlier this week, with its shares having not traded in over a year.It joined the ASX in 2019 via a reverse takeover.In April this year, NZCS put its Christchurch-based NZ operation, NZCS Operations Ltd, into liquidation.The company's annual report said its directors expected winding up the NZ operation should save it over A$500,000 a yea...

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