Fatfish Swedish listing delayed

Company News

by Anna Napoli

International venture investment and development firm, Fatfish Blockchain's (ASX:FFG) plans to list Fatfish Global Ventures on the Swedish stock exchange have hit a speed bump after its investment bank advisor Remium had its licence revoked by the Swedish Financial Service Authority.

Fatfish (ASX:FFG) says it is in discussion with alternate corporate finance firms and on intends to appoint a new advisor to advise it on a potential IPO exercise in Sweden.

The company says any listing in Sweden remains subject to satisfaction of all legal and regulatory requirements, as well as commercial considerations.

Separately, the company says it has terminated its investment agreement with in Singapore-based CryptoFoundry following "an extensive due diligence process and discussions with the management of CryptoFoundry".

Shares in Fatfish (ASX:FFG) are trading 16.7 per cent higher at 1.4 cents.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.