SFG 0.00% 0.2¢ seafarms group limited

Nippon Suisan Kaisha : Acquisition of Capital in Seafarms Group Ltd., page-86

  1. 386 Posts.
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    Let me guess. You sold a lot of shares after the half year report and didn't buy back?
    Doesn't matter what the terms and issue price are. Support from Nikkei 225 company is a fantastic news for me. Nikkei 225 company is not something like asx50. They got huge support from BOJ and Japan government. They also help us monitor the company and push the progress of project. All governance problem solved.
    Only 15% of the company issuing to foreign company and they are not the largest shareholder. FIRB should be fine. There is no money restriction on money flow out of Japan and the amount is so tinny for a Nikkei 225 company. It will be fine on Japan site as well.
    A rush sell of CO2A may not be a good news. But selling of CO2A is good for investors. It simplified the company and let the company focus on prawn farming. It will also make the company's cash flow more transparent.
 
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