Australia's Clean Seas Seafood rises on investment from Norway-based Hofseth

Hofseth Biocare ASA

06/04/2020 03:33

** Clean Seas Seafood  CSS.AX  rises as much as 20% to
A$0.600, its biggest intraday percentage gain since June 2017
    ** Says Norwegian aquaculture producer Hofseth Group to
invest A$5 mln ($3.01 mln) in co by subscribing to 10 mln
shares, resulting in it owning a 9.7% stake  urn:newsml:reuters.com:*:nFWN2BR1FI
    ** Says co will partner with Hofseth to fast-track product
development for retail markets in North America, Europe and Asia
    ** Stock hits one-month high
    ** Nearly 240,000 shares change hands, compared with the
30-day average volume of about 184,560 shares
    ** CSS shares down 35.9% this year, as of last close 

    ($1 = 1.6625 Australian dollars)

 (Reporting by Anushka Trivedi in Bengaluru)
 ((Anushka.Trivedi@thomsonreuters.com; +918061823241;))