Ocean Harvest Technology Issues Funding Update as Default Risk Looms

 

Ocean Harvest Technology Group Plc (LSE:OHT) has released an update regarding its current funding position, following an earlier disclosure. The company is actively working with shareholders—including secured loan note holders—to secure a financial solution. While certain recent developments could technically constitute a default under existing loan agreements, no creditors have yet exercised their rights to demand immediate repayment.

Negotiations are ongoing, and the company has pledged to keep stakeholders informed as discussions progress and the situation becomes clearer.

About Ocean Harvest Technology Group Plc

Ocean Harvest Technology Group Plc specializes in the development and global distribution of proprietary seaweed-based products tailored for the animal feed industry. With a strong commitment to sustainable agriculture, the company sources seaweed from around the world and manufactures its products in Vietnam to serve the $40 billion animal feed additives market.

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