Saturday , November 25 2017
Informed Influential Indispensable | newzealandinc.com

Pengxin not over Lochinver

By Christopher Adams – NZ Herald

China’s Shanghai Pengxin hasn’t completely given up hope of buying Lochinver Station, despite the Central North Island property having been sold to another company.

In September government ministers declined an application by Pengxin subsidiary Pure 100 Farm to buy the 13,843ha sheep and beef station near Taupo, saying the benefits to New Zealand were not substantial and identifiable.

The property’s owner, Stevenson Group, has since sold Lochinver to Rimanui Farms – an investment vehicle of the wealthy Spencer family – reportedly for a figure close to the Chinese firm’s $88 million offer – more

– NZ Herald

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