Beijing Holdings BAIC lifts Wrightson stake

Staff reporters
Wed, 29 Apr 2020

Beijing Holdings BAIC has continued to lift its stake in PGG Wrightson, buying another 755,000 shares for $1.9 million, an average price of $2.57 a share.The Hong Kong investment company, which is ultimately controlled by Beijing Capital Agribusiness and Foods Group, now owns 10 percent of Wrightson, up from 9 percent a week ago.BAIC has told Wrightson its investment in the Kiwi rural services firm is strategic and seeks to explore closer ties between New Zealand and China as an export market for agricultural goods.Wrightson shares rose 5.4 per...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.