May 5, 2020 |
Chile's Salmones Austral said on Monday it received regulatory approval to sell shares in an initial public offering (IPO), but it warned that it cannot go to market in present conditions.
"We understand that the current worldwide situation is complex given the emergence of the coronavirus," Vice Chairman Christian Samsing said in a statement on Monday. "The listing will be completed once the conditions are in place to do so."
Salmones Austral exports much of its production, primarily to China,
Chilean fishery aims to raise $47.7 mln from a share sale before the end of the second quarter this year