Nakhodka Active Marine Fishery Base Public Joint Stock Company (NBAMR) -- based in Vladivostok in the Russian Far East -- is intending to raise money through a stock listing and is not up for grabs, said its CEO, Petr Savchuk.

The talk of a sale is “unfounded,” he said. “We are going to develop the company.”

According to Savchuk, the source of the rumors could have emanated from the fact that auditors from Moscow are currently working on a project with NBAMR.

“But