New Zealand

internet jobs from home p>PwC Partners Colin McCloy and David Bridgman say they are in talks with potential acquirors for all or part of Mainzeal”s business and assets. “We are currently in talks with some parties interested in buying the business and assets of Mainzeal, either as a whole or by segment. We understand the importance of a prompt and …

“The announcement that Mainzeal has been placed into receivership has taken many in the construction industry by surprise but should not be considered unexpected given New Zealand’s boom-bust construction market, says Stephen Selwood,” Chief Executive of New Zealand Council for Infrastructure Development. “While Mainzeal is facing its own unique set of circumstances as a company there is no doubt that …

Richard Yan appears to have scuppered plans for a full-scale “New Zealand House” in Shanghai to host NZ’s key government agencies and companies and to showcase NZ products. mobile spy software During newzealandinc.com’s recent research trip to China, informed sources said that Yan had indicated he intended to seek commercial tenants for his Shanghai building after protracted negotiations with NZ …

The independent directors of Mainzeal Group – who also sat as directors on Mainzeal Property and Construction – issued their own formal statement yesterday on the receivership of the subsidiary company stressing the holding company was not in receivership. The statement is worth quoting in verbatim. The  independent Chair of MGL, Dame Jenny Shipley confirmed that, as of midday February 5th …

The country’s third largest construction company collapsed and was placed in receivership today after the Mainzeal Group’s major shareholder, Richina (NZ) LP, refused to commit more capital and the bank pulled its funding. Mainzeal’s sole remaining director Richard Yan – who also heads Richina – said that after  “a series of events that had adversely affected the company’s financial position” …

“Parents feel the pinch of tainted milk” was the headline over this opinion article by China Daily editor-at-large Bai Ping over the weekend. It gives an insight into the lengths Chinese parents go to ensure safe foods for their babies and young children. “Although I’ve been coping with the incessant stranglehold of smog on Beijing with considerable calm, recent reports …

Shanghai Daily reports officials have found no dairy products with the potentially harmful chemical residue that was detected in some New Zealand dairy products. Shanghai Food Safety Office director Yan Zuqiang said the city’s food safety watchdog has done on-site inspections at local dairy product manufacturing lines, especially for products for children, and all the products have been tested as safe. The …

The New Zealand Government has issued an assurance to all Chinese consumers that  NZ dairy products are safe and apologised for  “confusion” surrounding the suspension of DCD use in fertilisers on NZ farms. The apology was conveyed by New Zealand ambassador Carl Worker at a press conference at the NZ embassy in Beijing late Monday (NZ time). Ambassador Worker also told the press …

Chinese authorities have launched an investigation in three Chinese cities spelling out they will “seal and destroy” any dairy products which  contain residues of dicyandiamide (DCD). The investigation comes as China’s quality watchdog issues a “Please Explain” to its NZ counterparts requesting a “detailed risk assessment report” on NZ dairy products after  the “potentially harmful” chemical residue was found in them. …

DAIRY PRICE OUTLOOK: GlobalDairyTrade prices registered their third increase in a row overnight signalling further possible upside to Fonterra’s 2012-13 milk price of $5.50 per MS. The details were good with whole milk powder (WMP) prices playing some catch-up to skim milk powder, which have been leading most other dairy markets higher. Overall, WMP powder prices increased by 2.8 percent, with …