The deal will be funded by the consortium through a combination of cash, bank loans, an issue of 19.2 million Sea Harvest ordinary shares and vendor funding, the Group said in a statement.
Since listing in 2017, Sea Harvest has actively sought to grow its business through acquisitions, as part of its strategy to become one of the largest and most diversified food and seafood product black-owned firms.
Privately held Viking Group was founded in 19...
Fishing deal with China would settle maritime dispute Philippines
A joint fishing agreement reportedly being discussed between China and the Philippines is deemed a significant step forward in the relations between the two countries after an old maritime sovereignty dispute.
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