Christchurch-based seafood processor New Zealand Coastal Seafoods has listed on the ASX after a reverse takeover of bankrupt cloud television company xTV Networks.
At 1053 AEST, NZS shares were trading at 2.3 cents after raising $5 million in an initial offering at 2.5 cents a share.
For the year ended March 31, NZ Coastal Seafoods reported a $14,951 profit on revenue of $1.77 million.
AAP