BX Foods in legal fight over stat demand from Progressive Meats

BX Foods in legal fight over stat demand from Progressive Meats
BX Foods' plant in Oamaru when it was owned by Lean Meats. (Image: Google Maps)
Riley Kennedy
Chinese-owned meat company BX Foods is in a legal battle over a statutory demand it received from a so-called partner meat processor.Meanwhile, the North Otago-based company operates a freezing works outside of Oamaru, and its reporting entity, NZ Binxi (Oamaru) Foods Limited, is nearly six months late filing its statements to the end of December last year.BusinessDesk has obtained correspondence under the Official Information Act (OIA), which shows the company has repeatedly been reminded about filing on time since it was first required to pro...

More Finance

Wisdom from Milford’s ‘oldest’ fund manager
Finance

Wisdom from Milford’s ‘oldest’ fund manager

Stephen Johnston has been watching markets since 1997.

Gregor Thompson 09 Jan 2025
RBNZ issues first non-bank deposit-taker licence in nearly a decade
Finance

RBNZ issues first non-bank deposit-taker licence in nearly a decade

The Reserve Bank of New Zealand has issued a non-bank deposit taker licence to newly formed finance company Welcome.The last time the central bank issued a license was in 2017 to Christian Savings, which was previously licensed as Christian Savings Incorporated, according to the...

Staff reporters 08 Jan 2025
How tax rules discourage wealthy investor migrants
Finance

How tax rules discourage wealthy investor migrants

Covid refugees facing a four-year time limit on tax status are forcing the issue.

Pattrick Smellie 06 Jan 2025
M&A outlook: get set for big ticket IPOs
Finance

M&A outlook: get set for big ticket IPOs

Experts are picking a surge in mergers and acquisitions activity for 2025.