Embattled Westland dairy company farmers have voted to sell their cooperative to Chinese dairy giant Yili.
Chairman Pete Morrison said 93.7 per cent of votes cast were in favour of the sale, and 89.8 per cent of votes able to be cast supported the move.
Around 6 per cent of votes were against the sale and 10 votes abstained.
Westland has only one interest class of shareholders and 2775 votes available for voting.
Yili is offering farmers $3.41 a share. Independent advisor Grant Samuel valued the shares at between 88c and $1.38.