
Silver Fern shareholders endorse joint venture
The meat processor said 80.4 per cent of votes cast were in favour of the partnership with Shanghai Maling.
The meat processor said 80.4 per cent of votes cast were in favour of the partnership with Shanghai Maling.
Silver Fern shareholders will revisit the controversial joint-venture with China's Shanghai Maling at a special meeting this afternoon.
Special shareholders meeting will discuss $261m partnership with Chinese company.
Silver Fern Farms has got Grant Samuel to back its proposal to sell half its meat processing assets.
Silver Fern Farms has warned shareholders that it now expects to only break-even in the current financial year.
The New Zealand First leader goes in to bat for a Nat and says he's not going to shut up about Silver Fern Farms.
Silver Fern Farms and China's Shanghai Maling have agreed to extend the deadline for their joint venture.
Silver Fern Farms and Shanghai Maling have agreed in principle to extend the deadline for their joint venture.
The June 30 deadline for Silver Fern Farms and Chinese food group Shanghai Maling Aquarius will be missed.
The FMA says it doesn't believe an information pack for shareholders on the merits of a takeover by Shanghai Maling was misleading.
New Zealand's largest meat processor will hold a special meeting of shareholders on its planned tie up with China's Shanghai Maling Aquarius.
Silver Fern Farms expects its full-year financial result to be "materially'' below last year's performance.
Alliance Group plans to entrench its cooperative status, encouraging farmers to 'share up' at a time rival Silver Fern Farms is watering down cooperative.
The chief executive of Silver Fern Farms has steered the company through a capital-raising process that ultimately resulted in China's Shanghai Maling Aquarius taking a 50 per cent stake.
Shareholders in Silver Fern Farms have voted in favour of a 50/50 joint venture with China's Shanghai Maling Aquarius.
Silver Fern Farms chairman Rob Hewett said the board remained convinced that a joint venture proposal from Shanghai Maling Aquarius was the best choice.
A group of Silver Fern Farms shareholders who oppose the company's proposed joint venture with Shanghai Maling Aquarius say their offer of a $90 million alternative capital raising proposal remains a live issue just days before the deal goes to the vote.
The Notice of Meeting and Independent Report for the acquisition of 50 per cent of Silver Fern Farms by Shanghai Maling are revealing.
Recapitalised meat processor's two chairmen hen Wei Ping and Rob Hewett will bring different values to Silver Fern Farms.
Alliance chairman Murray Taggart says any Silver Fern merger Farms risks making a "big beached whale" of the meat industry.
Maling's proposal to acquire 50% of Silver Fern Farms reaffirms that Chinese investors are interested in New Zealand's rural and food-based assets.
It will put Silver Fern Farms in a strong position, writes Fran O'Sullivan. But that won't stop the emotion over the injection of Chinese ownership into a company that other players were endeavouring to keep NZ controlled.
Silver Fern Farms says $261m Chinese input will help meat processor forge ahead with a growth strategy.
Silver Fern Farms, the country's biggest meat processor, says its is forming a 50/50 joint partnership with Chinese investors.
Chinese investment in Silver Fern Farms would be a momentous event for New Zealand, says the former head of a meat industry lobby group.
Shanghai Maling Aquarius is understood to have a $300 million war chest to back its bid for a slice of the Kiwi meat co-operative.