Zespri liquidates company it sued for $15m three years ago

Zespri liquidates company it sued for $15m three years ago
Smiling Face Limited and its director were found to have propagated Kiwifruit varieties in China. (Image: Zespri)
Riley Kennedy
Zespri Group has tipped a company it successfully sued three years ago into liquidation.In 2020, the Kiwifruit marketer was awarded almost $15 million in damages by the high court at Auckland after the firm’s SunGold variety was unlawfully taken to China and distributed to other growers by Smiling Face Limited, its director Haoyu Gao and his wife Xia Xue.Zespri launched civil action against the pair and their company in 2018 after it was discovered two of its protected varieties were being propagated by Gao and his associates in China.Liq...

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.

$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 11:00am
MTF to investigate bullying claims
Finance Exclusive

MTF to investigate bullying claims

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

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