Natural Dairy Holdings

The receivers of South Canterbury Finance are joining two other major shareholders in Dairy Holdings to market a controlling stake in the South Island dairy farm owner.

A Chinese bid to buy 20 New Zealand farms is likely to be rejected or severely restricted after a review by the Overseas Investment Office.

The Hong Kong company wanting to buy a chunk of the New Zealand dairy industry has wound back its plans.

The bid by a Chinese-owned Hong Kong-listed company to invest $NZ1.5 billion in New Zealand's dairy industry has triggered a call by farmers for the Government to put together a coherent strategy on food production and investment in that sector.

Wellington, March 24 NZPA - The China Jin Hui Mining Corporation - recently renamed Natural Dairy (NZ) Holdings Ltd - says it has agreed to buy the Crafar family farms as well as other assets including farmland, cattle, and milkpowder production plant.