Another Chinese company has fallen foul of strict Overseas Investment Office rules

Xindongyue Group New Zealand was granted consent to buy a vineyard on the southern shores of the Manukau Harbour, for just under three million dollars in 2014.

But, it's been forced to offload the Karaka Point Vineyard and Lodge at a huge loss.

The Chinese company promised to export 131-thousand bottles of boutique wine to China within three years -- creating jobs and increasing investment and export receipts.

But, documents released under the Official Information Act show fewer than 10-thousand bottles were produced between 2015 and 2017.

The investors were forced to sell the property at a 600-thousand dollar loss.