New Zealand Coastal Seafoods plans to list on the Australian Securities Exchange (ASX) through a reverse takeover of Australia's xTV Networks.
xTV plans to raise up to A$6 million (€3.7 million/$4.1 million) through a public offering to fund the move.
Founded in 2016, New Zealand Coastal Seafood processes, distributes and exports seafood products directly and through distributors, to customers, restaurants, seafood traders, supermarkets and other retailers in New Zealand, Australia and Asia.
Its main products include ling maw and sea cucumber.
