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Huon Aquaculture to List on the Australian Stock Exchange

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AUSTRALIA - The Australian Security and Investments Commission has confirmed Huon Aquaculture has applied to be listed on the Australian Stock Exchange (ASX).

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Frances and Peter Bender began the fish farming company 25 years ago and now employ more than 400 people, reports ABCRural.

The salmon industry in Tasmania is the state's fastest growing as a result of domestic demand for fresh fish.

Tassal is listed on the ASX, but Huon and Petuna, Tasmania's other major aquaculture companies, remain privately owned.

Stock analyst Dale Long, from Bell Potter, says investors would be lining up for shares in Huon Aquaculture as long as the list price was set appropriately.

He says the company would be able to expand with a public listing, which he says should benefit employees.