NZ investment challenges
Tuesday May 08 2012
It is now more than 18 months since 16 Crafar farms in New Zealand's North Island went into receivership. A controversial bid by the Chinese company Shanghai Pengxin to buy the properties for NZ$210 million was finally given the green light by Wellington on April 20.
The move is seen as a drive by China to get a foothold in New Zealand, the world's biggest dairy exporter.
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