News Articles for Barramundi Group

Marine Produce Australia has been placed into liquidation owing $73 million to unsecured creditors after its asset-rich subsidiaries were sold to Tassal Group last month.

Tassal Group has acquired barramundi farm operator Marine Produce Australia's group of companies that has been in administration since May.

Barramundi farm operator Marine Produce Australia has received help from a Tasmania-based company to continue trading after exhausting funds, including from NAB.

A $300 million proposal to expand barramundi farming sites across the Kimberley region will be assessed due to environmental factors.

Marine Produce Australia has lodged plans for a $300 million expansion of its West Kimberley barramundi farm in a bid to lift output and make the operation more commercially viable.

The $3.6 million allocated to the sector in the recent state budget is an early salvo in attempts to expand WA's economic offering.

Western Australian businesses are being drawn to the long-term growth opportunities offered by the aquaculture sector as increasing demand from Asia drives investment.

The revolving door outside the boardroom of budding aquaculture producer Marine Produce Australia, which has been spinning fast for the past year, hit top speed this month.

Marine Produce Australia Ltd 13-Jul-05 Faustus Nominees Pty Ltd decreased its relevant interest from 28,628,215 ordinary shares (20.05%) to 25,628,215 ordinary shares (17.95%)

Perth investors who like the taste of barramundi are currently in the rare position of being able to select from an investment menu with three Western Australian aquaculture companies.

Western Australia's aquaculture sector, long touted as having strong growth prospects, is moving forward on two fronts, with Marine Produce Australia launching a $4 million capital raising and Western Australian Abalone close to completing a $1.8 million

MARINE Produce Australia has exercised its option to 100 per cent ownership of the Barramundi Sea Cage Farming Joint Venture with Maxima Fish Farms.

ONE business looking to take advantage of the global sustainability phenomenon (see story above) is Perth-based ASX-listed aquaculture company Marine Produce Australia (MPA).