Asia Fishing Port (Dalian) Seafood Food Co’s application for an IPO on the Shenzhen exchange has been rejected recently as the cold-chain import sector have faced tighter scrutiny over Covid concerns and public shares across the sector have plunged.
Stock prices of many pre-packaged seafood companies more than doubling in January before the bubble burst and most companies retraced their previous valuations.
The company faced challenges related to cold-chain-linked Covid outbreaks in Dalian earli...
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