Shanghai Pexquin could have done with a little PR

Press Release – Woburn International The clear left and right divide over the purchase of the 16 North-Island Crafar Farms (7,900 hectares) by the joint venture of Landcorp and the Milk New Zealand Holding (a subsidiary of Chinese investor Shanghai Pexquin Co Ltd.) created media …Shanghai Pexquin could have done with a little PR The clear left and right divide over the purchase of the 16 North-Island Crafar Farms (7,900 hectares) by the joint venture of Landcorp and the Milk New Zealand Holding (a subsidiary of Chinese investor Shanghai Pexquin Co Ltd.) created media frenzy. It is purported that the joint venture agreement has Landcorp managing farms operations with Pexquin investing $15.75 million towards property development, including investment into an effluent management system. This investment excludes the purchase of shares in Fonterra, to whom the joint venture plans to sell its milk. Woburn International works with overseas investors looking to invest in New Zealand and understands some of the challenges faced when investing in New Zealand. Looking at the way the media and public reacted to the Crafar farms bid, there is an interesting lesson for Chinese investors wanting to invest in New Zealand. Judge all investors fairly The Crafar farms have been in receivership since October 2009, and with the exception of a $175 million low-ball bid from a cooperative organised by Sir Michael Fay there has not...

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