Joyvio Food's (SHE:300268) unit, Australis Seafood, contested the Chilean government's decision to reject the Caleta Fog breeding center plan, according to a Shenzhen Stock Exchange disclosure on Wednesday.
Australis submitted a compliance plan to Chile's environmental regulator to address the overproduction of its breeding centers, among them the Caleta Fog breeding center.
The Chinese protein product manufacturer submitted an application for administrative reconsideration to the environmental regulator to exempt it from penalties.
The company's shares closed less than 4% higher.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments