OIO asked questions about a milk business that turned sour

The site of its planned factory. (Image: Happy Valley Nutrition)

Thu, 10 Aug 2023

The overseas investment watchdog flagged some concerns about key players in the Happy Valley Nutrition venture before the attempt to set up a milk processor turned sour.Creditors of Happy Valley are set to vote on Thursday on whether to tip the company into liquidation or not.Papers released to BusinessDesk show when the company was first being set up, the Overseas Investment Office (OIO) had concerns about the founding shareholders' past commercial dealings.They considered the issues of "moderate relevance" describing it as "...

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