Share Halt for Cell Aquaculture

In January this year Cell Aquaculture signed a memorandum of understanding with ASSAR Fishery Sdn Bhd (ASSAR) based in Kuching, Sarawak, Malaysia to enter a joint venture to build and manage a 700 tonne barramundi aquaculture production facility using Cell’s proprietary technology.

ASSAR is the subsidiary of a company linked to the Sarawak state government. It has a successful track record in a range of businesses including financial services, property development, technology, manufacturing and trading.

Now, according to the news organisation NineMSN Cell Aquaculture has requested the trading halt for at least two days.

On May 6, Cell Aquaculture said it had made funding applications with Agro Bank to help advance the company's operations in Malaysia.

Australian company, Cell Aquaculture Ltd, has developed the "Cell" System - a land based recirculating aquaculture system that delivers premium seafood consistently throughout the year in what the company describes as an environmentally responsible manner.

TheFishSite News Desk

Sign up for our
regular news updates

Sign up for our
regular news updates

More Fish Industry News

•   November Agriculture And Fisheries Council Agenda
•   Potential For Fishmeal-Free Salmon
•   Fish Wholesaling Industry Research
•   College To Boost Fish Farming
•   Consultation On Net And Trap Licences
•   Fish farming in Paddy Fields Takes Off
•   Tilapia-Skin Gelatine Next for Aquafinca
•   VIV China Reflects Development of Chinese Industry
•   Protection for Island Cockle Industry
•   Accessing Markets Directly To Improve Payments