Dakang New Zealand Farm Group, which is 55 percent owned by Shanghai Pengxin, has quit efforts to buy 10 farms in Northland, citing five months of silence from the Overseas Investment Office.
- BusinessDesk
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12 October 2015
Dairy investors John Penno and Juliet Maclean are selling out of Chinese-controlled Purata Farms, the Canterbury corporate they founded 15 years ago as Synlait Farms.
The 25 farms of Van Diemen's Land Company in Tasmania are expected to be of interest to multiple trade investors, institutional investors, sovereign funds and also agricultural funds.
A unit of China's state-owned Bright Food Group Co Ltd will take a half share in New Zealand's biggest meat co-operative for $197 million, as China looks to import more of the country's agricultural products.
- Reuters
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15 September 2015
Pengxin's attempt to transfer New Zealand assets to Chinese agricultural company Hunan Dakang in the middle of seeking approval to buy 14,000 ha sheep and beef farm seen as "bizarre".
European interests extending their dairy holdings in New Zealand are among the latest land sale approvals for foreign buyers, says New Zealand First.
New TIAA-CREF fund will invest in “high quality farmland assets” across North America, South America, Australia and parts of Europe with a focus on major grain exporting regions.
- Global Ag Investing
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04 August 2015
Bidders have made offers for what Shanghai Pengxin says is the "legitimate" sale of its dairy farms - the former Crafar farms - in south Waikato, New Zealand.
A bill aimed at limiting the sale of rural land to overseas investors failed to make it past the first stage when it was introduced in Parliament last night.
New Zealand MP Phil Goff admits Labour government got it wrong selling land to foreigners.
Shanghai Pengxin's decision to restructure its New Zealand farm assets means the company has to go back to the Overseas Investment Office to gain new consents to run its farms.
The sliding dollar is sweetening Australia's appeal as an agricultural investment destination ripe for overseas companies and fund managers, particularly from North America and Europe.