News | Law and Order
8 Dec 2019 23:30
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  •   Home > News > Law and Order

    The country's second biggest dairy co-op will be handed over to its Chinese buyers next month

    The country's second biggest dairy co-op will be handed over to its Chinese buyers next month


    The High Court takeovers panel has approved the sale of Westland Dairy to the Inner Mongolia Yili Company - for 588-million-dollars.

    Westland chair Peter Morrison says the court's approval was the last key condition for the sale to go ahead - after the Overseas Investment Office gave them the all clear on Tuesday.

    He says all shareholders will receive their money on August 1 - and Yili can officially take up the reins.

    © 2019 Newstalk ZB, NZCity


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     Today's News

    Environment:
    MetService has issued severe thunderstorm warnings for parts of New Zealand 21:57

    Business:
    Up to 70,000 Auckland commuters will likely be affected tomorrow - as thousands of bus trips operated by NZ Bus will again be cancelled 21:37

    Sailing:
    World title number five for Peter Burling and Blair Tuke 20:07

    Accident and Emergency:
    A fourth person has died following Friday afternoon's crash on State Highway One in Kaikoura 18:57

    Business:
    China's exports unexpectedly fell 1.1 per cent in November from a year earlier 18:57

    Cricket:
    CRIK:Strikers set Heat 162 to win WBBL final 18:37

    Living & Travel:
    Big dogs can now travel on Auckland trains - but pet owners will be kept on a tight leash 18:07

    Rugby League:
    Auckland Tuatara manager Steve Mintz has achieved his main goal for the week following their 4-2 win over the Canberra Cavalry in the Australian Baseball League 17:47

    Hamilton:
    Both New Zealand riders missed out on the final of the womens keirin at the UCI World Cup in Cambridge 17:27

    Rugby League:
    The NRL is reviving one of its most popular campaigns - with Tina Turner to become the face of the code once again 16:27


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