Barramundi Group seeks six-month breathing space

Singapore-based Barramundi Group has applied for a form of insolvency protection while the company attempts to carry out financial reconstruction.

On 11 October the fish farming group made an application to the High Court of the Republic of Singapore for a “Moratorium Order” which would give it a period of six months’ protection against a winding-up order or the appointment of external administrators.

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Barramundi raises £8.8m for growth in Brunei

The Barramundi Group has raised the equivalent of £8.8m to expand its fish farming operations in Brunei. The company announced yesterday that it had secured the credit facility, of BND $15m, from a Bruneian financial institution. The Singapore-based Barramundi Group farms the fish of the same name, also known as Asian sea bass. It has…

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