News | Business
4 Jul 2025 12:44
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

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

    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.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     04 Jul: Central Otago's Cardona Hotel is on the market for the first time in more than a decade
     04 Jul: The Prime Minister's placed the blame for the loss of a multi-million dollar satellite, squarely at the feet of the previous government
     04 Jul: Wage growth in the public sector is expected to slow down this quarter
     03 Jul: Consumer spending's continuing to pick up
     03 Jul: Housing prices are up for the first time in three months, but turnaround hopes may be premature
     03 Jul: The rule of law is key to capitalism - eroding it is bad news for American business
     03 Jul: Confidence levels in Canterbury business have flat lined but experts remain cautiously optimistic
     Top Stories

    RUGBY RUGBY
    Former All Black Mils Muliaina believes modern players are far more adaptable between positions than back in his day More...


    BUSINESS BUSINESS
    Central Otago's Cardona Hotel is on the market for the first time in more than a decade More...



     Today's News

    Rugby:
    Former All Black Mils Muliaina believes modern players are far more adaptable between positions than back in his day 12:37

    Health & Safety:
    ADHD meds are in short supply. Here's why, and what can you do about it 12:37

    Entertainment:
    Henry Golding thinks Charlize Theron is a "rare commodity in Hollywood" 12:36

    Entertainment:
    Cardi B feels proud of her Whipshots success 12:06

    Rugby:
    Fourth seed Jack Draper has been ousted by 2017 finalist Marin Cilic in the second round at Wimbledon 11:57

    Entertainment:
    Liam Gallagher has no desire to perform on Glastonbury's Pyramid Stage 11:36

    National:
    NZ will soon have no real interisland rail-ferry link – why are we so bad at infrastructure planning? 11:17

    Cricket:
    England finishes day two of second Test at 3-77, India scores 587 in first innings 11:17

    Politics:
    The Pasifika Medical Association continues to refute allegations of impropriety, over its funding of Moana Pasifika 11:07

    Entertainment:
    Jake Paul wants the "challenge" of fighting Anthony Joshua 11:06


     News Search






    Power Search


    © 2025 New Zealand City Ltd