Clean Seas Shares Halted Following Federal Court Greenlight for Yumbah Deal

Court Approval Seals Acquisition

Clean Seas Seafood Limited (ASX, CSS) has officially been suspended from trading on the Australian Securities Exchange as of 16 July 2025, following the Federal Court of Australia's approval of a scheme of arrangement. This legal endorsement paves the way for Yumbah Aquaculture Ltd to acquire all issued shares of Clean Seas, effectively bringing the seafood producer under new ownership.

Implications for the Seafood Sector

The acquisition marks a notable consolidation within Australia's seafood industry, where companies are increasingly seeking scale and integration to compete in both domestic and international markets. Yumbah Aquaculture, already a significant player, expands its footprint and resource base through this transaction, potentially enhancing operational efficiencies and market reach.

What the Suspension Means for Investors

With Clean Seas shares suspended from quotation, investors will no longer be able to trade the stock on the ASX. This suspension is a standard procedural step following court approval of such schemes, signaling the transition from a publicly traded entity to a private ownership structure under Yumbah Aquaculture. Shareholders should anticipate further communications regarding the acquisition’s completion and any subsequent actions.

Next Steps and Market Watch

While the announcement confirms the court’s approval, detailed financial terms and the timeline for final completion have yet to be disclosed. Market participants will be watching closely for subsequent ASX filings and announcements that clarify the acquisition’s impact on Clean Seas’ operations and Yumbah’s strategic plans.