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China to acquire 13 Oceanus abalone farms for urban planning

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The acquisition will not have a material impact on operations as Oceanus will relocate them to its farms in Fotan.

Singapore

THE board of seafood company Oceanus Group on Monday said that it has been informed by the Gulei Zhen People's Government in China of the latter's intention to compulsorily acquire 13 of its abalone farms for urban planning.

The company has received compensation

sentifi.com

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