Australia’s Oyster Coast Ltd’s share offer attracts global interest

By February 17, 2016In the news, Latest News
Chinese businessman, Mr Weibing Lu; Narooma oyster farmer, David Maidment; and David Trebeck tour oyster leases on Wagonga Inlet

Chinese businessman, Mr Weibing Lu; Narooma oyster farmer, David Maidment; and David Trebeck tour oyster leases on Wagonga Inlet

Investors from China, Europe and around Australia have jumped on-board the opportunity to purchase shares in Australia’s Oyster Coast.

The South Coast based company publicly announced the issue of 500,000 shares only a few weeks ago, when it launched its Prospectus on 12 January.

Company chairman David Trebeck said Australia’s Oyster Coast Ltd was well on the way to meeting its target of raising $500,000 under the offer. “This shows that there are plenty of investors who share our confidence in the market appetite for our premium oysters. “They see the potential for expansion and future profits, especially given the growing consumer demand for high-quality, environmentally-certified produce in China, Hong Kong and Singapore.” “That’s good news for the future of the company, and for the more than forty local oyster growing businesses who are our suppliers.”

Only last weekend, Australia’s Oyster Coast hosted an important business visitor from China who will be sourcing significant quantities to meet the demand from exclusive customers in Guangzhou.

But according to David Trebeck, exports into Asia are only one part of the story. The company is also pushing ahead to promote the brand domestically and boost sales in the Australian market. “This will support our ability to pay premium farm gate prices to our grower shareholders”, said Mr Trebeck.

Meanwhile, Australia’s Oyster Coast Trail is helping put the South Coast on the gourmet traveller’s map. Oyster-driven tourism is already delivering visitors to the region, bringing broader benefits for local businesses.

Chinese businessman, Mr Weibing Lu inspects some plump Angasi oysters on David Maidment’s Wagonga Inlet oyster lease

David Trebeck says “There’s still an opportunity for South Coast businesses or individuals with an interest in the region’s tourism and economic development to invest in Australia’s Oyster Coast Ltd.” But that window is only open until the end of February, when the share offer closes.

Through its capital-raising drive, Australia’s Oyster Coast will be able to pursue its market potential and strengthen the oyster industry that sustains the livelihood of oyster growers across the South Coast region.

The Australia’s Oyster Coast prospectus can be downloaded here.