OIO asked questions about a milk business that turned sour

OIO asked questions about a milk business that turned sour
The site of its planned factory. (Image: Happy Valley Nutrition)
Riley Kennedy
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 "...

More Finance

IRD issues warning to crypto holders ahead of audits
Finance

IRD issues warning to crypto holders ahead of audits

The IRD has identified 227,000 crypto-asset users in NZ and contacted those at risk.

Staff reporters 04 Jul 2024
$1.65b project to simplify switching banks a 'flop'
Finance

$1.65b project to simplify switching banks a 'flop'

Open banking has hindered competition rather than helping it, says lobby.

AAP 04 Jul 2024
MTF to investigate bullying claims
Finance Exclusive

MTF to investigate bullying claims

Chief executive Chris Lamers said he takes the claims 'very seriously'.

Murray Jones 04 Jul 2024
Payments NZ could play key role in open banking standards
Finance

Payments NZ could play key role in open banking standards

A draft decision proposes an 18-month approval, rather than the five years requested.

Ben Moore 01 Jul 2024