BY REBECCA HOWARD
WELLINGTON?New Zealand's High Court ordered the government to reconsider a Chinese company's purchase of farms, highlighting growing concerns over Chinese investment in land in this agriculturally dependent nation.
The ruling was made after a group of farmers and Maori trusts sought to block the sale of 16 dairy and drystock farms to Shanghai Pengxin Group Co.'s Milk New Zealand Holdings Ltd. unit, approved earlier this year by Land Information Minister Maurice Williamson and Associate Finance Minister Jonathan Coleman. Messrs. Williamson and Coleman weren't immediately available for comment.
The plaintiffs are members of a consortium known ...
BY REBECCA HOWARD
WELLINGTON?New Zealand's High Court ordered the government to reconsider a Chinese company's purchase of farms, highlighting growing concerns over Chinese investment in land in this agriculturally dependent nation.
The ruling was made after a group of farmers and Maori trusts sought to block the sale of 16 dairy and drystock farms to Shanghai Pengxin Group Co.'s Milk New Zealand Holdings Ltd. unit, approved earlier this year by Land Information Minister Maurice Williamson and Associate Finance Minister Jonathan Coleman. Messrs. Williamson and Coleman weren't immediately available for comment.
The plaintiffs are members of a consortium known ...
Source: http://online.wsj.com/article/SB10001424052970204792404577224423550141302.html?mod=rss_about_china
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