Quotation of NZCS' shares suspended pending transaction, three directors quit in three weeks

The company produces premium seafoods. (Image: Facebook)

Mon, 18 Dec 2023

Shares in ASX-listed New Zealand Coastal Seafoods have been suspended from quotation pending the announcement of a proposed transaction.The company has lost three directors in less than a month - one of whom lasted three weeks.The company told the ASX it had requested the voluntary suspension of its company’s securities “pending an announcement to the market of a proposed transaction under Listing Rule 11.1”.That rule states that if an entity proposes to make a significant change, either directly or indirectly, to the nature o...

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