Gary Romano, the face of Chinese group Shanghai Pengxin in New Zealand, has resigned after its bid to buy Lochinver Station was rejected.
Gary Romano, the face of Chinese group Shanghai Pengxin in New Zealand, has resigned his local directorships with the dairy investor after its bid to buy Lochinver Station was knocked back by the government.
Chinese billionaire Jiang Zhoabai leads stampede for S. Kidman & Co
You wouldn’t know it, but the Chinese billionaire in the box seat to buy one of the nation’s most iconic cattle companies, S. Kidman & Co, has quietly visited Australia at least five times in the past three years.
China's New Zealand farm-buying runs into opposition
Chinese conglomerate Shanghai Pengxin Group has been on a buying spree ever since it entered New Zealand in 2011.
Shanghai Pengxin puts all its farms up for sale
Chinese company Shanghai Pengxin’s total farm assets in New Zealand are up for sale, including 16 farms and a conditional agreement to buy Lochinver Station – but they are unlikely to be sold.
China’s demand for #milk powder becomes a white gold rush on Aussie dairy farms
Chinese are buying up infant milk powder everywhere they can get it, outside of China. And that has led to shortages in at least a half-dozen countries …
#Fonterra Aims to Rebuild Consumer Confidence
When Theo Spierings’s phone rang on Aug. 1, he knew it must be bad news. The chief executive of Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter, was in Europe to attend a family funeral, and he didn’t expect to be disturbed.
#Fonterra Seeks to Bolster Confidence After Botulism Scare
New Zealand’s Fonterra Cooperative Group Ltd, the world’s biggest dairy exporter, will appoint a food safety director and strengthen product recall systems after a contamination scare dented the company’s reputation in China.
#Fonterra products free of botulism, says New Zealand
New Zealand has said that Fonterra products at the centre of a global contamination scare did not contain botulism-causing bacteria.
#Fonterra reveals another Chinese hiccup after May quarantine over nitrate levels
Fonterra Cooperative Group, beset by food standards issues after the bacteria that can cause botulism was found in its supply chain, had another stumble in China in May when 42 tonnes of milk powder were held up over elevated nitrate levels.
#TGD: The Weekly Livestock Report: Volatility good for dairy futures trade but hard on farmers nerves
The early spring rolls on especially in the north as evidenced by higher pasture D/M readings, increased milk flows and better BCS scores in animals.