Some abalone farms damaged by Typhoon Usagi, says Oceanus
TYPHOON Usagi has damaged some abalone farms run by Singapore-listed Oceanus Group in China's Guangdong and Fujian provinces, it announced on Monday.
The firm said some abalone farming and production facilities were affected "to some extent".
"Biological assets" - presumably referring to the abalone - were affected "to a lesser extent", it added.
"The information available to the board at this juncture is very preliminary," Oceanus said.