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Nissui-backed Seafarms ‘not liable’ over shrimp farm’s unpaid fees, will appeal liquidation

Nissui, which owns a 15% stake in Seafarms Group, also said it expects no impact on its own earnings after an Australian judge ordered the liquidation of Project Sea Dragon

By Neil Ramsden and Masahiko Takeuchi | Feb. 26, 2024 10:43 GMT
Farmed black tiger shrimp. Credit: Seafarms
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Australian aquaculture business Seafarms Group has said that despite an Australian federal court judge ordering the liquidation of its vast land-based shrimp Project Sea Dragon (PSD), it is not yet liable for unpaid construction fees and remains solvent [...]

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Contact the authors [email protected], [email protected]

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