Blue Sky Meats still needs to tip in 'significant' capital

Blue Sky’s chair, Scott O’Donnell. (Image: NZME)

Fri, 06 Oct 2023

Southland meat company Blue Sky Meats doesn’t expect to pay a dividend in the short term as it needs to continue tipping “significant” capital into its sole processing plant.Southern Lamb Investments – backed by Blue Sky’s chair Scott O’Donnell and director Andrew Lowe – launched a takeover offer early last year of the now-formerly Unlisted Securities Exchange-listed company.The company originally offered $3 a share and ended up getting just shy of 75% of the ownership. Chinese-owned NZ B...

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