Jiajiayue Group ties investment in Cooks Global Foods to OIO approval for farm purchase

Wed, 30 Sep 2015

By Fiona Rotherham Sept. 30 (BusinessDesk) - Jiajiayue Group's $4.5 million investment in NZAX-listed Cooks Global Foods is conditional on the Chinese supermarket chain gaining Overseas Investment Commission approval for the purchase of a sheep and beef farm in New Zealand. Cooks, which is the franchisor of Esquires Coffee Houses outside of New Zealand and Australia, said in a statement today that it had formal commitment for the $4.5 million investment from the Chinese firm and $4.5 million from a group of strategic investors headed by e...

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