AQL goes organic

Former salmon farmer and Chinese aquarium operator AQL Holdings is going organic. It will pay $275,000 in cash and issue 1950 million shares as total payment of $5.15 million for Thames-based Organic Interceptor Products, which makes organic alternatives to synthetic chemical products for agriculture, home and industry.

The company, which will be renamed Certified Organics, said it owned the world's first patented certified organic weed controller, and its products control weeds, moss and lichen.

The company was founded by Rodney and Stuart Innes and will be run by Dr Earl Stevens, a biochemist, company executive and chairman of Wood Hardening Technologies, based at the Forest Research Institute in Rotorua.

AQL shareholders will decide on the transaction at a special meeting next month. AQL shares last traded at 2c.

     

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PEB - Advancing Medicare Coverage Goals; Cost Contained
TRU - TruScreen Completes Oversubscribed Placement
EROAD Continues Transformation, Reports FY26 Results
May 25th Morning Report
EROAD Appoints New Director Progressing Board Renewal
OCA delivered record full year result
BLT - Strong revenue and underlying earnings growth
MFB - Food Bag reports full year profitability up 5.3%
TWR - Tower reports strong HY earnings
IPL - FY26 Annual Results