Tuesday , November 20 2018
Informed Influential Indispensable | newzealandinc.com

Jonathan Underhill

Bright Food provides Silver Fern with letter of comfort

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 China’s state-owned Bright Food Group has provided a letter of comfort to Silver Fern Farms that it will vote its 38 percent stake in Shanghai Maling Aquarius in favour of acquiring 50 percent of New Zealand’s biggest meat company. Some 82.2 percent of votes were cast in favour of the transaction at a SFF …

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Silver Fern could stay NZ-owned for as little as $25k per farmer

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Silver Fern Farms could be kept in cooperative ownership for as little as $25,000 per farmer and the meat company’s board would be irresponsible not to consider a “plan B” if it fails to garner support for its proposal to sell half the business to Shanghai Maling Aquarius, says an opponent of …

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Steel & Tube on prowl – buys Aquaduct NZ out of receivership

Steel & Tube Holdings, New Zealand’s biggest steel distribution company, has continued its drive to grow through acquisitions, buying Aquaduct NZ out of receivership for about $8 million cash. Aquaduct was put into receivership in April after defaulting on its debt facilities with Westpac New Zealand, which was owed $4.97 million, …

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